70% of French to get 100Mbps Internet within 10 years
Posted in: Internet Use/New Technologies at 17/12/2009 01:45
French President Nicolas Sarkozy loves himself some broadband -- so long as no one is trading copyrighted files -- and he has just announced a government investment initiative designed to bring 100Mbps Internet to most French citizens in the next decade.
Sarkozy wants to pump nearly US$7 billion into development of national broadband networks, with the money to be raised from a bond issue called the grand emprunt ("big loan"). The emprunt is a stimulus plan designed to boost the French economy as it pulls out of the worldwide economic crisis. Most of the money will be raised through a bond issue, but the rest will come from large institutions (think: banks) that were bailed out by the French government over the last year and are now repaying their debts.
To read this ars technica report in full, see: