Telecom Italia secured €725 million of funding made available by Italy’s government. The government funding is meant to help boost the deployment of 5G and connecting fiber networks in underserved areas.
Infratel Italia, the agency in charge of managing the two linked projects, stated the grant awarded to the operator is designated for the implementation of fiber links between mobile sites. The funding covers six geographic lots and the work must be completed by 30 June 2026. The public funding will contribute up to 90% of the costs incurred.
In March, the government announced more than €2 billion would be made available as part of efforts to boost 5G access in the country. The funds come from Italy’s Recovery and Resilience Plan, a program under a European Union initiative that aims to mitigate the economic and social impact of the pandemic.
Italy’s Innovation Minister Vittorio Colao said the assignment of the first tender for 5G development brings the nation closer to completing the government’s plan to connect all of Italy with very high-capacity networks. Colao also claimed the incentives represent a unique case in Europe, citing the Italian government’s support for the development of technology in areas where there is no interest in investing.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
