February 2, 2018 / 10:11 AM / a year ago

German coalition agreement calls for 10-12 billion euros investment in fast data networks

German Chancellor Angela Merkel and members of parliament vote during a session of German lower house of Parliament, Bundestag, in Berlin, Germany, February 1, 2018. REUTERS/Axel Schmidt

BERLIN (Reuters) - Germany’s would-be coalition partners said on Friday they would allocate 10-12 billion euros of public money to build gigabit-speed fixed-line data networks over the coming four years.

In a coalition paper seen by Reuters, negotiators for Chancellor Angela Merkel’s conservatives and the Social Democrats (SPD) said they would also aim to use the construction of 5G mobile data networks to help enhance coverage, including by auctioning licences on a regional basis.

“We will become the first country in Europe with a 5G network, laying the foundations for this year,” they wrote.

Reporting by Markus Wacket; Writing by Thomas Escritt; Editing by Peter Graff

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