The European Commission's investment drive to boost the bloc’s economy will include a double-digit billion euros of spending on digital technology.

EU Digital Economy Commissioner Guenther Oettinger said talks with telecom groups, authorities, local communities and investors about expanding digital networks would start next year.

"It will be about the questions of who will do what and how the expansion can be financed. A double-digit billion euro amount qualifies for this as part of the EU's investment package," he said.

The European Commission presented a $369 billion plan to boost Europe's stagnant economy, however analysts thought the idea would flounder because private investors were unlikely to provide the cash. The EU is setting aside just eight billion euros and the European Investment Bank five billion to help provide capital for the special fund to be managed with the European Investment Bank.

The cash, designed to tempt in private investors, could multiply into 300 billion euros of investment over the next three years to create a million jobs.