The development of 5G until 2024 will cost 208 billion rubles (equivalent to $2.6 billion), of which almost 30 billion rubles ($393 million) will be paid from the budget, according to the roadmap that Rostec and Rostelecom have been developing for over a year. On November 16, the document was reviewed by Deputy Prime Minister Dmitry Chernyshenko, in the coming days the roadmap will be approved.
$280 million will be allocated to Rostec as targeted subsidies for the production of Russian 5G equipment and ensuring series production.
Key targets for 2024:
The representative of Rostec did not comment on the process of harmonization of the roadmap, but highlighted the importance of creating modern and reliable data transmission technologies. The specialized holdings of the corporation and other market players that can offer affordable and innovative solutions will be involved in creating the best solution, CEO of Rostec Sergey Chemezov explained.
Rostec, Rostelecom and the government signed an agreement on 5G development in summer 2019. Rostec was supposed to develop sections of the project roadmap on the development of domestic technologies and equipment, their promotion, market formation and stimulation of demand.