Colombia has successfully concluded an auction for fifth generation (5G) data services, granting licenses to four prominent telecommunications companies. This move aims to increase investment and bring the country on par with regional neighbors such as Argentina and Mexico, where 5G networks are already available. The auction winners are Claro, Telecall Colombia S.A.S., WOM, and Union Temporal Colombia Movil-Telefonica, a partnership between operators Movistar and Tigo. The Ministry of Communications of Colombia announced that auction revenues are expected to exceed 1.5 trillion pesos (381 million dollars), slightly below the government’s initial estimated amount of 500 million dollars.
In an enthusiastic statement, Mauricio Lizcano, the Minister of Information Technology and Communications, welcomed this milestone, assuring that “5G is a reality for Colombians.” The deployment of 5G networks is set to begin in February of next year. Lizcano also revealed that investments in 5G infrastructure in Colombia over the next decade are projected to exceed 28 trillion pesos (about 7.11 billion dollars).
FAQ
– Which telecommunications companies were awarded licenses in the 5G auction?
The winners of the auction are Claro, Telecall Colombia S.A.S., WOM, and Union Temporal Colombia Movil-Telefonica, a partnership between operators Movistar and Tigo.
– When will the deployment of 5G networks start in Colombia?
The deployment of 5G networks is set to begin in February of next year.
– What investments in 5G infrastructure are projected in Colombia over the next decade?
It is projected that investments will exceed 28 trillion pesos (about 7.11 billion dollars).
Definitions:
– 5G: The fifth generation of wireless technology that enables faster data transmission and increased network capacity.
– MHz: Megahertz, a unit of frequency equal to one million hertz.
– Telecommunications: The industry involved in transmitting information over a distance using telecommunication devices.
– License: The agreement to grant rights or privileges by the appropriate authorities.
– Investment: Allocating capital with the aim of generating future profits.
Source: domain.com
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