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Iceland has highest broadband penetration in Europe

According to statistics from management consulting firm Arthur D. Little released yesterday, Iceland has the highest broadband penetration in Europe.

Sixty-two percent of households in Iceland have broadband internet connections. Iceland surpasses the Netherlands by one percent, which used to be the leading broadband nation in Europe.

In terms of broadband connections, Iceland is increasingly leaving fellow Nordic countries behind. Denmark has a broadband penetration rate of 53 percent and the other Nordic countries all have rates below 50 percent.

“High broadband penetration levels speed up the transition of post industrial countries to state-of-the-art information societies. Broadband is what railroads and motorways were during the industrial area” Erik Almqvist, director of TIME Nordics, Nordic branch of Arthur D. Little, told icelandreview.com.

Mr Almqvist says Icelandic telecommunications company Síminn has been very proactive in promoting broadband in contrast to incumbents in many other European countries “which have not been thinking as far ahead.”

Almqvist adds that Síminn has the opportunity to export telecommunications knowledge to less developed countries, but should consider that content and Web 2.0 companies are becoming increasingly important in the world of telecommunications.

Globally, Hong Kong and South Korea have the highest broadband connection rate with a household penetration rate of 78 percent each.

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