The accelerating rollout of 5G infrastructure has become a key battleground in a broader struggle for control over the industries of the future. At the same time, the race to build 5G networks and reap the significant benefits that they offer to all economic actors has gained urgency in light to the intensified digitalisation triggered by the global COVID-19 pandemic. Europe, however, is in danger of falling behind its global competitors. 5g deployment in europe
In this context, a new study by the European Investment Bank (EIB) and the European Commission (under their joint InnovFin Advisory programme) highlights that Europe needs to significantly increase investment in innovative 5G digital ventures to unleash the full potential of 5G innovations. It is the first comprehensive analysis of the EU’s readiness to finance the large-scale technological, industrial and innovation transition arising from 5G technology.