Israel is preparing for another tender to allocate more fifth generation (5G) mobile frequencies as soon as late 2021, aiming to boost the economy from new technologies while giving mobile operators a new revenue stream after years of steep declines, reported Reuters.
Israel allocated three frequencies — 700 MHz, 2.6 GHz and 3.5 GHz — following an auction in 2019, and the Communications Ministry plans to offer ultra-fast broadband frequencies above 24 GHz late in 2021 or early 2022, Tal Elimelech, who heads the ministry’s 5G project, told Reuters.
As in its prior tender, heavy incentives such as government grants will be provided to cash-strapped mobile companies to participate and the amounts raised are expected to be a fraction of what has been seen in Europe — hundreds of millions of euros.
More important to the country’s telecom regulator is an investment in the 5G infrastructure and vast applications that will help the public health, agriculture, education and other sectors.
“This is the main profit .. It’s not just one-time income from selling the spectrum,” Elimelech said, in the wake of a conference by the ministry aimed at creating a 5G ecosystem between telecoms and the high-tech industry.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
UK Regulator Investigates Tech Giants’ AI Partnerships Amid Competition Concerns
Apr 24, 2024 by
CPI
TikTok CEO Confident of Overcoming US Ban: ‘We’re Here to Stay’
Apr 24, 2024 by
CPI
EU Conducts First-Ever Raids on a Company Under Foreign Subsidies Regulation
Apr 23, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI