The Fiji Occasions » Telecom Italia secures 725 million euro tender for 5G rollout – ministry

FILE PHOTO: The Tim brand is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nard/File Photograph

MILAN (Reuters) -Italy’s greatest cellphone group Telecom Italia has secured works value 725 million euros ($755.67 million) in a authorities tender for the deployment of 5G networks, the ministry for technological innovation and digital transition stated on Monday.

Earlier this 12 months the EU Fee accredited a 2 billion-euro Italian scheme to help the roll out of 5G cellular networks via the Restoration and Resilience Plan (PNRR).

The awarded tender included six geographical heaps, with financing overlaying as much as 90% of the entire price of the works, the ministry stated, including that each one different operators would get wholesale entry to the financed infrastructure.

“With the award of the primary tender for the event of 5G we’re even nearer to finish the federal government’s plan to attach the entire of Italy with ultra-high-capacity networks,” Innovation Minister Vittorio Colao stated within the assertion.

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