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Montero announces that they will invest 4.3 billion euros to boost the 5G network

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This Tuesday, the Minister of Finance, María Jesús Montero, announced that the Executive will invest 4,300 million euros in infrastructure for the 5G network until 2025.

Following the weekly meeting of the Council of Ministers, the Government spokesperson stated that she hopes that the companies invest around 24,000 million euros in this technology. A total of 883 million euros have already been included in the Budgets State Generals for the year 2021, which are pending approval in the coming weeks.

In addition, the Executive has announced that will temporarily reduce fees by spectrum reservation in the next three years, on the condition that it is invested in the deployment of 5G technology.

Thus, the Government will launch a annual aid plan to telecommunications operators with the end of promoting the development of 5G networks in urban areas. These grants will consist of a bonus associated with the installation of base stations.

In this sense, the multinational Telefónica has already affirmed that the development of 5G technology in Spain will require a large investment, calculating that approximately some 6 billion euros in infrastructure.

Companies around the world are investing to activate networks capable of delivering speeds of ultra-fast downloads. Besides power connect millions of devices at the same time with the objective of strengthening the proper functioning of these technologies in homes, work centers and cities.

GSMA, the organization of mobile operators and related companies, has indicated that during the next five years the 78% of the $ 1.14 million for capital expenditure of global operators for investment in 5G technology.

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