Estonia becomes the next East European country to outline a National Broadband project for the development of high-speed broadband infrastructure through-out the country. According to Associated Press , the Estonian government and telecommunications providers in the country announced a $500 million plan to boost broadband penetration and overall economy. The Estonian economy is expected to shrink by more than 10% this year. The project aims to stimulate economic activity and job creation. Its objective is to make available connections of up to 100Mbps to all citizens of the country.
EU structural funds will cover for 25% of the total project’s budget. The rest of the money will come from private investors (telcos).
