The roll out and development of high speed broadband internet could create around one million jobs in Europe, and spur broadband-related growth in economic activity to the tune of €850 billion,
via itpro.co.uk
Not quite sure how you arrive at the figure of €850 billion, however it is certainly compelling!
Reding has always been a proponent of European-wide regulation. Well, in her position you would be, but that doesn't make it a good thing. Too many cross border variances in the way the telecom industry works makes it very difficult to implement and administrate.
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