On Monday, the ministry for technology innovation and digital transformation announced that Telecom Italia has won a federal tender for implementing 5G networks.
Telecom Italia is a telecommunications, internet and cloud services provider. Domestic activities include retail and wholesale voice and data on fixed and mobile networks in Italy, international wholesale via Telecom Italia Sparkle, and information technology goods and services through its Olivetti company.
At the start of this year, the EU Commission authorized a €2 billion Italian initiative under the Recovery and Resilience Plan to boost the rollout of 5G mobile networks. According to a press statement, the EU Commission recently authorized another Italian scheme worth €2 billion to promote the rollout of 5G mobile networks.
EU Commission vice-president Margrethe Vestager said: “This will allow consumers and businesses to access high-quality 5G services, contributing to the country’s economic development and the EU’s strategic goals linked to the digital transformation.” The help will be provided through direct subsidies to electronic communications service providers under the plan, which will continue until June 30, 2026.
According to the responsible Italian ministry, the awarded contract contains six geographical lots with enough funds to sustain 90 percent of the overall operational expenses. Add to that, all Italian operators who show interest can access the infrastructure at wholesale rates. “We are even closer to completing the government’s aim to link the whole country with ultra-high-capacity networks with the award of the first tender for 5G development”, Innovation Minister Vittorio Colao said in a statement.