Luxembourg has modern and widely deployed optical fiber and cable networks throughout the country. In 2010, the Luxembourg Government launched its National strategy for very high-speed networks with the aim to become a global leader in terms of very high-speed broadband by achieving full 1 Gbit/s coverage of the country by 2020. In 2011, Luxembourg had an NGA coverage of 75%. In April 2013 Luxembourg featured the 6th highest download speed worldwide and the 2nd highest in Europe: 32,46 Mbit/s. The country's location in Central Europe, stable economy and low taxes favour the telecommunication industry.