EU approves 2 billion euros Italian scheme to support 5G roll out
AMSTERDAM (Reuters) - The EU Commission said on Monday it approved a two billion euro Italian scheme to support the roll out of 5G mobile networks through the Recovery and Resilience Facility, according to a press release.
"This will enable consumers and business to access high-quality 5G services, contributing to the economic growth of the country and to the EU's strategic objectives relating to the digital transition", EU Commission vice-president Margrethe Vestager said in a statement.
Under the scheme, that will run until 30 June 2026, the aid will take the form of direct grants to electronic communications services providers.
(Reporting by Charlotte Van Campenhout, editing by Marine Strauss)
