In April 2021, the government of Austria allocated €1.4 billion (US$1.7bn) by 2026 to speed up fixed broadband rollouts. These funds will come from the resilience fund of the EU, the current budget, and the raised revenues from the frequency awards in 2019 and 2020 (€389m/US$433m).
This budget aims to provide all citizens with access to high-speed broadband and balance the opportunities between rural areas and metropolitan areas. This fund will support achieving the Austrian national broadband strategy ‘Breitband Strategy 2030’ targets, which aim to provide nationwide gigabit-capable broadband connectivity by 2030.
In 2020, circa 90% of Austrian households were supplied with fixed broadband that delivers speeds of more than 30Mbps. Broadband connections with speeds over 100Mbps were available to 80% of households and 43% of households had access to a 1Gbps Internet connection.
The three main reliable means in delivering the 1Gbps speed in Austria are fiber, cable, and 5G FWA. In 2020, fiber contributed to 4% and cable contributed to circa 37% of the total fixed broadband connections. Fiber’s contribution is expected to increase to 17% and cable to reach 40% of total fixed broadband connections by 2025.
Verdict deals analysis methodology
This analysis considers only announced and completed artificial intelligence deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.