telecom

The South Korean government said on Friday that it will cancel the spectrum that was allocated to local telecommunications companies for their 5G deployment, citing their underinvestment in the sector.

The tender procedure for the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2600 MHz and 3600 MHz frequency bands starts in January.

Following the approval of the Croatian Competition Agency, Telemach Croatia has completed the acquisition of a controlling stake in Optima Telekom. By taking over the package owned by Hrvat-ski Telekom (HT), Telemach now holds 54.31 percent of Optima Telekom shares, of which 36.9 percent used to belong to the Zaba bank and 17.41 percent to HT Holding, a company completely owned by HT.

Investments in the electronic communications market jumped by 16 percent in the first nine months of last year, compared to the same period in 2020 while the same period in the fixed-line network saw a 127% boost in investments in fiber access infrastructure, HAKOM reported.

The speed of the construction of 5G infrastructure will largely depend on local units and the agility of local authorities to boost investments and provide building permits. Although the digitalization and implementation of the next-generation network is the goal supported by the plans of three line ministries, it will be difficult to realize without the cities’ help.

In the first nine months of 2021, Croatia’s largest domestic telecom operator Hrvatski Telekom generated more than HRK 5.5 billion in revenue, recording an increase by almost two percentage points.

A study conducted by IBM found that almost three quarters of the highest performing communications service providers believe that 5G-enabled edge computing is key to their companies’ future business growth.

Numerous benefits brought by 5G technology will soon, according to the predictions of relevant analysts, become part of everyday life in most of the world.