Home / Investors News / Germany to allocate local 5G frequencies later this year

Germany to allocate local 5G frequencies later this year


© Reuters. FILE PHOTO: A 5G sign is seen during the Mobile World Congress in Barcelona

FRANKFURT (Reuters) – Germany’s Federal Network Agency (BNetzA) said on Monday it would award frequencies for local 5G networks in the second half of this year, in a policy targeting industrial uses of the high-speed mobile technology.

Companies will be able to apply for spectrum in the 3.7-3.8 Gigaherz band, the BNetzA said in a statement. This process is separate to the auction of national 5G licenses that is planned to start on March 19.

“There is great potential for 5G, especially in the industrial area,” BNetzA President Jochen Homann said in a statement. “We want to make frequencies available for companies to build local networks that exactly meet their needs.”

Several major industrial groups, including Volkswagen (DE:), Daimler Siemens and BASF say they are interested in local 5G spectrum to run ‘connected’ facilities.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Source link

About admin

Check Also

Exclusive: Russia's COVID-19 vaccine trial paused as clinics run short of shots

© Reuters. FILE PHOTO: A medic of the regional hospital receives Russia’s “Sputnik-V” vaccine shot …

Leave a Reply

Your email address will not be published. Required fields are marked *