Exclusive: Italy to spend 60% more of EU funds on better broadband, sources say


FILE PHOTO: Spools of fibre optic cables in Perugia, Italy, June 23, 2017 REUTERS/Alessandro Bianchi/File Photo

ROME (Reuters) - Italy aims to spend almost 7 billion euros ($8.33 billion) in European recovery funds on ultra-fast networks, up 60% from a previous goal, as ministers lay out alternatives to a long-delayed single national broadband plan, sources told Reuters.

The government of Mario Draghi, which took office in February, is revising a national Recovery and Resilience Plan (RRP) that would entitle it to some 206 billion euros by 2026 from an EU programme to help nations hardest hit by the novel coronavirus.

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