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The European Commission (EC) has announced a major new investment in the broadband infrastructure of EU member states.

An additional £1.53 billion will be distributed to support various broadband infrastructure projects across the trade bloc this year.

The European Union (EU) is aiming to deliver basic and competitively priced broadband deals across the European Union by 2013, with 30Mb services universally available by 2020.

EC Vice-President for Competition Policy Joaquín Almunia said smart investments into high-speed broadband infrastructures are "crucial" to create jobs, increase economic performance and to unlock the competitive potential of the EU in the long term.

"The Commission is committed to help EU countries to accelerate private and public investments in this sector," he stated.

Last autumn, it was announced that European funding would help deliver fibre broadband services to 90 per cent of Cornwall by 2014.

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