Kazakhstan appoints AI board member to sovereign wealth fund, awards voting rights
3 days ago
Telekom Srbija expects to sign a financing arrangement with the US Export-Import Bank by the end of November to support the rollout of its 5G network, chief executive Vladimir Lucic said on October 4.
Serbia is among the last countries in Central and Eastern Europe to allocate 5G spectrum, reflecting policy delays that have slowed the adoption of advanced digital services, cloud computing and Industry 4.0 technologies.
Lucic told state broadcaster RTS the loan would carry more favourable terms than commercial bank financing and mark the first such deal between a European telecoms operator and the US institution.
“This means direct support from the American state and institutions for the development of the 5G network,” he said, adding that Telekom uses US technology from firms such as IBM and Microsoft.
The company aims to make the network operational in December, with coverage in major cities as soon as licences are issued. Telekom plans to extend 5G across much of Serbia within two years and achieve nationwide coverage by the end of 2027.
Serbia’s telecom regulator, RATEL, launched a long-delayed auction for fifth-generation (5G) mobile spectrum in September, bringing the country closer to its goal of introducing commercial 5G services ahead of the 2027 World Expo in Belgrade.
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