BAKU, Azerbaijan, Apr.27
By Leman Zeynalova – Trend:
In the past 6 years the European Investment Bank (EIB) has helped to cover over 30 million homes with very high-speed broadband services, the Bank told Trend.
EIB said it supports digitalisation in rural areas and developing countries to reduce the digital divide and support digital education and skills.
“We invest in the roll-out of high-speed broadband and 5G networks across the continent. The EIB is by far the multilateral development bank with the largest portfolio of digitalisation projects,” said the Bank.
In line with the main goals of the EU’s Digital Agenda, the EIB is committed to supporting Europe’s growing data traffic by investing in high-speed internet, mobile networks and cloud computing. We therefore provide finance and technical expertise for projects that further these ambitions.
In 2020 alone, EIB financing helped to launch 60 satellites into space that provide broadband internet and enabled 2.6 million subscriptions for 5G services.
EIB finances digital economy projects involving various aspects of information and communications technology (ICT) infrastructure, equipment, services, applications, research and development. Examples include:
- Mobile, TV broadcasting and transmission networks that enable national or international connectivity through high-capacity fibre-optic cables, satellites or submarine cables outside the EU
- Data centre facilities and hosted services such as cloud computing
- Manufacturing of handsets, network equipment, software, audio-visual equipment, displays (e.g., LCD) and chips (nano- and microelectronics)
- ICT applications for the automotive, electricity and healthcare industries
- Public services, such as e-government, e-health and e-business
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