German power group Innogy said it will invest €200m ($234m) per year building rural glass-fibre broadband connections, up from €100m previously. Having already provided broadband to over one million customers, the move will enable the company to either charge a fee for other providers to operate the service or retain control itself. The new network is expected to be operational by mid-2017, and will cover more than half of Germany’s population. its retail and network businesses have been sold to rival Eon and parent RWE will absorb Innogy ’s renewables unit.
German power group Innogy said it will invest €200m ($234m) per year building rural glass-fibre broadband connections, up from €100m previously. Having already provided broadband to over one million customers, the move will enable the company to either charge a fee for other providers to operate the service or retain control itself. Innogy will soon cease to exist as a separate company. its retail and network businesses have been sold to rival Eon and parent RWE will absorb Innogy’s renewables unit.