Spanish Government Will Invest $3 Billion on 5G and Broadband by 2025

The Spanish government announced on Tuesday morning it will invest $3 billion in deploying next-generation 5G telecommunications technology and extending broadband coverage by the year 2025.

The Spanish government announced on Tuesday morning it will invest $3 billion in deploying next-generation 5G telecommunications technology and extending broadband coverage by the year 2025.

“The goal is that everyone, regardless of where they live, enjoys the benefits of these advances in connectivity under a plan which is particularly relevant for rural Spain”,” the Spanish government spokeswoman Maria Jesus Montero told local reporters during a press conference in capital Madrid.

Montero also said that a total of $820 million is already in next year’s budget, which the Spain’s parliament is set to approve in the coming weeks and includes investments to extend broadband to rural areas in the country. She pointed out that the government of Prime Minister Pedro Sanchez expects companies will invest around $20 billion in 5G technology by 2025.

Last week, the head of domestic market leader Telefonica’s Spanish business said that Spain’s 5G rollout would require $5 billion in infrastructure investment.


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