Portugal telecom companies get ready for the 5G challenge: spectrum negotiations concerns as all want a bite at the lead.
Altice is raising important concerns about Anacom regulators, whereas NOS considers 5G an important booster for the economy, as it promotes the autonomy in many sectors of the Portuguese industry and it can significantly reduce overall costs and promote a more efficient performance in companies.
5G is the next generation of wireless technology, surpassing the 4G by far in terms of signal quality and other factors – and it is said to bring about a new industrial revolution.
Concerns about the feasibility of the 5G projects (limited access) have been a hot topic this year, especially because 4G was not yet proved to be as profitable as expected – but the fourth industrial revolution is in motion, and there is no stopping it now.
Autonomous cars will be able to communicate among themselves – and instantaneously stop before any obstacle, therefore, avoiding accidents.
Companies forecast 5G networks will be functioning in Portugal by 2025
And right now discussions between all top Portuguese telecom leaders are being held with the aim of reaching agreements and structuring deals for the latter implementation – which is forecast to be fully functioning in the country by 2025.
The race to spread 5G networks in Portugal is intensifying – and Altice wants to be first. Nevertheless, Alexandre Fonseca, the group’s President, wants to make sure that regulators will not use the frequency auction to their own benefit.
Jorge Graça, Executive Board Member at NOS, refers to the importance that smoothly transitioning to the 5G has as a matter of urgent political standing for the EU – the US and China have set their strategies for completing the application of this new technology, and it is a priority for European countries to follow-up and provide costumers with a service that “is faster than the speed of light”. 5G – it spurs innovation and economic growth – are the Portuguese telecom companies up for the challenge?