🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Poland to work with telecoms companies to develop 5G

Published 10/28/2019, 10:44 AM
Updated 10/28/2019, 10:46 AM
© Reuters.  Poland to work with telecoms companies to develop 5G
DTEGn
-

WARSAW (Reuters) - Three of Poland's biggest private telecom firms have agreed to consider developing 5G networks with two state entities, one of the groups said on Monday, signaling the government may have some control over the future network.

Poland and other European countries are preparing to launch 5G services offering faster data downloads, but some plans are being complicated by security doubts around Chinese equipment vendor Huawei.

Poland's state-owned telecom operator Exatel had earlier advocated forming a consortium of private but also state companies to develop 5G network infrastructure for the 700 MHz band to ensure lower costs and better protection from security threats.

The head of state-owned fund PFR said it and Exatel alongwith Orange Polska, T-Mobile Polska and Polkomtel- a unit of Cyfrowy Polsat - on Monday signed an agreement to start establishing a company to build 5G infrastructure.

Orange Polska is the Polish arm of France's Orange and T-Mobile Polska is the Polish unit of Germany's Deutsche Telekom (DE:DTEGn).

Poland's biggest mobile operator Play Communications did not sign the memorandum of understanding, as the company still needed to get some corporate approvals, Play's IR head told Reuters.

"The aim of the joint project is to ensure nationwide availability of 5G services in selected bands, technology security and low service prices thanks to synergies of common infrastructure," PFR CEO Pawel Borys said on Twitter.

The 700 MHz band is meant to cover the entire country, unlike other bands that will be available regionally. Poland is yet to decide on the way it will distribute frequencies.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.