Germany to invest proceeds from frequency sales in broadband

Reuters

German Infrastructure Minister Alexander Dobrindt said on Friday Berlin will invest the proceeds of planned sales of frequency bands to mobile telephone services in broadband infrastructure expansion.

Germany's right-left coalition government aims to have broadband of at least 50 megabits a second available across the country by 2018, up from a coverage level of 60 percent. For the upgrade an estimated 20 to 34 billion euros is necessary.

(Reporting by Thorsten Severin and Peter Maushagen, editing by David Evans)

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