TIM secures $755.67 mn govt tender for 5G network

Telecom Italia (TIM) has secured works worth 725 million euros ($755.67 million) in a government tender for the deployment of 5G networks.
Earlier this year the EU Commission approved a 2 billion-euro Italian scheme to support the roll out of 5G mobile networks through the Recovery and Resilience Plan (PNRR), Reuters news report said.

The awarded tender included six geographical lots, with financing covering up to 90 percent of the total cost of the works. All other interested operators would get wholesale access to the financed infrastructure.

“With the award of the first tender for the development of 5G network we are even closer to complete the government’s plan to connect the whole of Italy with ultra-high-capacity networks,” Innovation Minister Vittorio Colao said in a statement.