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18 December 2020 11:23am
The digital developments in Greece and the operation of 5G mobile phone networks will help transform the country into a great destination to work and retire in, Greece’s Prime Minister Kyriakos Mitsotakis said during a meeting with heads of the Deutsche Telekom Group and subsidiary Hellenic Telecommunications Organization (OTE).
Mr Mitsotakis noted that the meeting was taking place the day after the completion of a single auction for four 5G networks, “a process that brought in 372 million euros to public coffers.”
He clarified that the majority of available bandwidth was auctioned off, but an excluded part will be turned over free of charge to universities, startups and creativity centers. In addition, he noted that 25 per cent of fees paid by provides for 5G will be earmarked for the Faistos Fund, which will in turn support startups working on applications and services based on the new networks.