Financial and business news from Bulgaria

5G charges halve

An average of 50 per cent cut the government's charges for using the 5G radiofrequency sector. This is done by a decree adopted at Wednesday's online session. Reduced charges are for introducing new generation high-speed wireless networks Approved reduction of the one-time fee for using bands in 800 MHz, 900 MHz, 1.5 GHz, 1800 MHz, 2100 MHz and 2.6 GHz in half.
The measure is to stimulate the development of electronic communications, which create prerequisites for ensuring remote work and preservation of social communications.

The financial burden on the business in the construction and maintenance of electronic communications networks is also reduced, creating an appropriate environment for the implementation and development of fifth generation mobile networks. The amendment to charges aims to promote investment in infrastructure and stimulate innovation in high-speed wireless networks.

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