German power group Innogy said it will invest € 200 m ( $ 234 m ) per year building rural glass - fibre broadband connections , up from € 100 million 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 it itself . Innogy will soon cease to exist as a separate company . its retail and network businesses have been sold to rival Eon and the RWE will absorb Innogy ’s broadband 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.