- EU competition regulators revised state aid rules to make it easier for European Union countries to finance the rollout of fast-speed broadbands.
- The European Commission wants all European households to have a gigabit network and all populated areas by 5G by 2030.
- The EU executive said governments would be allowed to provide state support to fixed broadband networks providing at least 1 gigabit per second and 150 megabits per second upload speeds.
- Also Read: Amazon, Netflix, Meta And Other Big Tech Could Soon Have To Compensate Telcos For Bandwidth In Europe
- Aid for rolling out mobile networks, including 5G, will only help to improve the quality of existing or planned mobile networks, Reuters reports.
- The revised rules allow EU countries to use a published price, regulated price, or cost-based price as a benchmark to set wholesale access prices.
- The EU reduced the threshold for publishing details of granted aid to €100,000 from €500,000.
Reported Late Tuesday, Berry Corporation Announces Management Succession Plan Effective January 1; Trem Smith, Current Board Chairman, President And CEO, To Become Executive Chairman; Fernando Araujo To Become CEO; Mike Helm To Become CFO; Cary Baetz C…
Berry Corporation (bry) (NASDAQ:BRY) today announced the evolution of its executive team, effective January 1, 2023:
