“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
4 days ago
Subsidiaries of Russian state technology agency Rostec will start jointly developing equipment for 5G networks, Vedomosti daily reported on February 3 citing representatives of the agency and unnamed industry sources.
As reported by bne IntelliNews, the Kremlin chose unpopular frequencies for 5G rollout to drive home-made infrastructure development and could enforce the use of domestically produced servers only.
Reportedly GlobalInformService (GIS) and Sozvezdie have already designed and produced 4G network equipment under Rostec’s patronage. However, state funding for the companies currently amounts to only RUB224mn ($3.5mn).
By comparison, the Ministry of Industry and Trade estimated the total cost of 5G and IoT (internet of things) roll-out at RUB28bn (RUB16bn of federal funding and RUB12bn of non-budgetary funds). The total cost of all network equipment could amount to up to RUB650bn.
Analysts surveyed by Vedomosti stress that until the question of 5G frequencies is decided, it is not clear how the developers could start producing the necessary equipment. The competitiveness of Russian solutions developed from scratch is also questioned.
As analysed by bne IntelliNews, the introduction of the 5G network has been impeded by a lack of clear policy, decisions on framework frequency allocation, rollout strategy and the lack of co-operation within and with the private sector.
Related Content
Tech
“Richard Branson-backed” hyperloop startup seeks funding on Bucharest's SeedBlink
Swisspod Technologies, co-founded by Romanian Denis Tudor, is developing a fully-electric capsule that travels at near-sonic speeds.
Russia cracks down on foreign hosting providers
Russian authorities have cracked down on foreign hosting providers and cloud service companies, blocking access to their websites.
Kyrgyzstan to hit TikTok with access curbs “to protect kids’ mental health”
Targeting of social media favourite follows regime’s moves against news outlets, civil society and opposition politicians.
Banca Transilvania launches Romania's first neobank
Salt Bank was created on the foundations of Idea Bank, which was taken over by Banca Transilvania.
_1711970902.jpg)
Russia's data management segment boosted by foreign vendors' exit
While the exit of foreign vendors following Russia's invasion of Ukraine two years ago dealt a hard blow to some industries, other sectors have benefited, such as Russia's data management and storage industry, which is projected to triple by 2027.
Most Read
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
1 day ago
-
UK’s Cameron addresses British “lack of seriousness” in Central Asia with five-day tour
1 day ago
-
COLLINGWOOD: Ukraine’s power blackout means a dark future
1 day ago
-
Armenia and Azerbaijan announce first border delimitation deal since the collapse of the USSR
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
6 days ago
-
Russia’s war economy boosted by rising oil prices
7 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
6 days ago
-
Iran vs Israel: Who is better equipped for war?
9 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
24 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
28 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
26 days ago
-
UBN: Russia could take the Baltic states in 48 hours
1 month ago