ECONOMY FINANCE&BANKING INVESTMENTS IT

5G national strategy completed in 2018; tech implementation to attract 9b USD in investment by 2026

Romania’s 5G communications national strategy will be completed by the end of 2018, while the implementation of this technology in Romania will bring about 9 billion US dollars in total investment over the next eight years in energy and utilities, public security, financial services and healthcare, Minister of Communications and Information Society Bogdan Cojocaru told Agerpres on Tuesday.

“Romania needs digitisation, that is clear for everyone. We are faring well in terms of a number of indicators, such as the expansion of the Internet infrastructure and the number of users, but we still have work to do. The G5 national strategy, the telecommunications standard that will support an increase in the digitisation of government services provided to the population and companies, will be completed by the end of this year (…) As far as the activity of the Ministry of Communications and Information Society is concerned, I can inform you that (…) I and the team I co-ordinate, together with the National Communications Administration and Regulatory Authority, we have developed a memorandum establishing a working group tasked with achieving the 5G national strategy. It is important to note that the first meeting of this group has already taken place, attended by all the representatives involved in this approach, working on a clear schedule of actions. Subsequently, the strategy will be up for public consultation, to be approved under a government decision,” said Cojocaru.

According to him and the European Union’s (EU) development strategy, at least one city in each member state, implicitly Romania will be connected to 5G by 2020.

“5G for everyday life will represent the digital transformation of the economy and society. According to the European Union’s development strategy, by 2020, at least one city in each member state will be connected to 5G (…) It is very important to understand, however, that we will witness a substantial evolution in mobile telecommunications. If we were to make a delimitation, we could say that 4G was the ‘multimedia era’, while 5G will be the ‘Internet of Things.’ Virtually, we will witness unprecedented interconnection and create premises for increased efficiency in all branches of human endeavour,” the minister said.

He mentioned that for Romania, 5G implementation will bring total investments of about 9 billion dollars by 2026, in sectors such as energy and utilities, public safety, production, financial services, healthcare, public transport, media and entertainment, automotive, retail trade, agriculture, etc.

In the spring of 2018, Chairman of the National Communications Administration and Regulatory Authority (ANCOM) Sorin Grindeanu told AGERPRES in an interview that a 5G national strategy is necessary for Romania, and such strategy was to be presented publicly in the autumn, and then approved under a government decision.

The ANCOM action plan valid for 2018 already includes the drawing up and adoption of the national position on the granting of rights of use for 700 MHz, 800 MHz, 1500 MHz, 2600 MHz, 3400-3600 MHz and 26 GHz radio frequencies for mobile broadband systems, including for the implementation of future generation systems.

Related posts

MFP: Romania’s Gov’t deficit widens to 16.8 billion lei, or 1.77%pct of GDP, nine months into 2018

NINE O'CLOCK

PM Grindeanu ending Israel visit: Economic ties should live up to political, defence ties

Nine O' Clock

Iohannis: Romania’s IT sector might reach 5 billion euros in 2020 turnover

Nine O' Clock