Poland to lend PLN 1 bln for broadband infrastructure

Poland will allocate PLN 1 billion in preferential loans to telecom firms for investments into broadband infrastructure, Ministry of Digital Affairs announced. Loans will be capped at PLN 10 million per investment and will be granted for up to 15 years. Funds will be used for investments aimed to increase broadband internet speed to at least 30 Mb/s for households and businesses and 100 Mb/s for schools. State bank BGK will be the fund’ operator of the fund.