EIB boosts high speed internet in Germany with €350 million InvestEU backed loan

The European Investment Bank (EIB) is lending fibre broadband provider Deutsche Glasfaser (DG) €350 million to expand its network in Germany.

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The project will make high-speed internet available to some 460,000 homes and businesses in rural areas that lack high-capacity broadband.

The network will provide retail internet services that are as much as 10 gigabits per second (Gbps) - faster than the broadband speed to which most consumers currently have access. The average download speed in most European countries is in the range of 100 megabits per second (Mbps) or below. Fibre optic infrastructure can support much higher bandwidth than traditional copper-based broadband technologies like DSL, VDSL or cable.

This project benefits from risk sharing under the InvestEU programme of the European Union. It aims to address a lack of investment in high-speed digital infrastructure in less populated areas, where the costs and risks are typically higher for providers.

Read the full press release.

Find further information about EU connectivity policies, the Gigabit Infrastructure Act and the Digital Decade (including connectivity targets). You can also explore the Broadband action plan.

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