Danish power supply companies invest heavily in telecoms  

2006.07.07
New figures from the National IT and Telecom Agency show that Danish power supply companies increased their investments in telecompanies by a factor of twenty in 2005

New figures from the National IT and Telecom Agency show that Danish power supply companies increased their investments in telecompanies in 2005 to DKK 1 bn (USD 170 m), more than twenty times the 2004 figure. The investments were primarily in expansion of the broadband net, and power supply companies are forecasting a substantial ROI.

The National IT and Telecom Agency expects these major investments will benefit Danish broadband customers. Jørgen Abild Andersen, director of the National IT and Telecom Agency says: "I am very much looking forward to see the effect of investments by power supply companies. It will lead to increased competition for broadband customers, which we expect will result in decreasing prices as we have seen on the mobile phone market, which also have several competing networks. It will also give more opportunities to those who have not yet been able to obtain a broadband connection".

The Danish telecoms industry generated record revenues of DKK 39.5 bn (USD 6.7 bn) in 2005, an increase of DKK 1.4 bn (USD 238 m), while the number of staff dropped by 1,100 to a total of 18,600 fully employed staff. The news was reported by Computerworld.

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