The Ministry of Digital Development, Communications and Mass Media and Rostec signed an agreement on granting 21.5 billion-ruble subsidy to the state corporation for the development of Russian 5G technology.
According to the statement by Rostec, “the budget investments in the form of the asset contribution of the Russian Federation to Rostec will amount to 21.463 billion rubles by 2024. Financial support is provided to Rostec to develop a system project for the production of 5G/IMT-2020 equipment and ensuring its mass production”.
The state corporation will organize co-financing of the project in a ratio of at least 1:1.
It is planned to develop a comprehensive 5G solution, which includes both 5G base stations and a core network. For this purpose, Rostec is establishing technological cooperation between Russian companies with relevant expertise. Also, a production site for the mass production of equipment for 5G networks will be created in Russia.