£30m Investment in broadband for Wales

£30m Investment in broadband for Wales



November 16, 2015

The Welsh Assembly Government is investing £30m to provide businesses in North Wales with high-speed broadband.

The FibreSpeed project will link 14 business parks in Wales, as part of a longer term programme to transform broadband services and pricing in the country.

The network, which is the first Government-supported network of this type in the UK, will be partly funded by European Structural Funds managed by the Assembly Government’s Wales European Funding Office.

GEO, part of the Hutchison Whampoa Group, will build and operate the network, and will also part fund the project.

The FibreSpeed project will initially focus on serving key strategic business parks, as this is expected to deliver the most rapid benefits to business.

As well as benefiting businesses located on the parks, the project is also expected to have a positive effect on businesses outside the business parks, communities and the public sector across North Wales, through economic spillover.

The network is expected to generate £29m a year for the Welsh economy by helping companies increase their productivity and attracting inward investment to the region.

Tim Yeo

Related Posts

2007 profits of NT$4 billion for Compal

Comments Off on 2007 profits of NT$4 billion for Compal

Indian government announces global 3G auction

Comments Off on Indian government announces global 3G auction

LG aims to boost market share in recession

Comments Off on LG aims to boost market share in recession

SMEs face 200% hike on 0870 phone bills

Comments Off on SMEs face 200% hike on 0870 phone bills

T-mobile launches FRAG gaming magazine

Comments Off on T-mobile launches FRAG gaming magazine

ROI measurement offered by Bango

Comments Off on ROI measurement offered by Bango

iSkoot extends partnership with 3 Skypephone

Comments Off on iSkoot extends partnership with 3 Skypephone

LTSTI brings 100Mbps mobile broadband closer

Comments Off on LTSTI brings 100Mbps mobile broadband closer

AIRCOM Wins Contract For Vinaphone’s GSM 900 Network

Comments Off on AIRCOM Wins Contract For Vinaphone’s GSM 900 Network

Carphone Warehouse casts doubts about high speed broadband.

Comments Off on Carphone Warehouse casts doubts about high speed broadband.

1,000 WiMAX products expected by 2011

Comments Off on 1,000 WiMAX products expected by 2011

Two arrested for using home owners wireless network

Comments Off on Two arrested for using home owners wireless network

Create Account



Log In Your Account