German power group Innogy said it will invest $234m (€200m) 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.
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.