Europe seeks to spur building of fast broadband networks

A generic picture of a computer keyboard.By Claire Davenport BRUSSELS (Reuters) – The European Commission has set out rules aimed at reducing the cost of building high-speed broadband networks, in a move that shows how Brussels is seeking more power over the telecoms sector. The initiative is important because European leaders are worried that debt-laden telecom operators' slow pace of investment is saddling the region with weak infrastructure that over time could hobble its already recession-wracked economies. It also comes as the EU cuts funding for broadband rollouts. …

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