Greece Proposes European Spectrum Union to Raise Billions for EU Budget From 6G Mobile
The plan would channel auction proceeds into the EU budget and a technology fund, with an initial scale of €12 billion to €15 billion, the proposal said.
- On Tuesday, Greek economy minister Kyriakos Pierrakakis proposed a 'European Spectrum Union' to pool future 6G and 5G auction proceeds for the European Union's budget and technology investment needs.
- The proposal estimates an initial scale of around €12–15 billion, roughly 20% of the €69 billion telecom operators spent on past auctions, potentially supporting the proposed €2 trillion 2028–2034 EU budget.
- Capital from spectrum sales would capitalize a European investment mechanism for 6G, artificial intelligence, and secure connectivity, with the European Investment Bank potentially leveraging the capital base through loans.
- Irish minister for EU affairs Thomas Byrne told reporters on Tuesday the proposal is detailed but requires further technical and political examination, needing unanimous support from all 27 EU nations by October.
- France and the Netherlands previously signaled support for a European Strategic Technology Equity Fund on September 2, indicating momentum, though negotiations remain complex as member states debate competing budget priorities.
37 Articles
37 Articles
Greek plan to fund EU budget with spectrum, telecoms
Greece has proposed that European Union states should create a European Spectrum Union which could use some of the funds raised by future national sales of 6G mobile spectrum for technology investment, easing pressure on the bloc's budget.
Protothema
Athens proposes that part of the revenues from future 6G frequency auctions be directed to joint European investments - The initial financial scale is estimated at 12-15 billion euros.
Greece Proposes European Spectrum Union to Raise Billions for EU Budget From 6G Mobile
Greece has proposed that European Union states should create a European Spectrum Union which could use some of the funds raised by future national sales of 6G mobile spectrum for technology investment, easing pressure on the bloc's budget.
Greek Finance Minister and Eurogroup President Kyriakos Pierrakakis has proposed to European Union member states to create a European Spectrum Union that could use part of the funds raised from future national sales of 6G mobile spectrum for investments in technology. The Greek minister, presenting his proposal […]
Greece proposed that the member states of the European Union create the European Spectrum Union, which could use part of the funds collected from the future national sale of 6G mobile spectrum for investments in technology, which would reduce the pressure on the budget of this bloc. “The potential initial funding volume could…
Greece urges EU to create spectrum union ahead of 6G era
Greece has proposed that European Union states should create a European Spectrum Union which could use some of the funds raised by future national sales of 6G mobile spectrum for technology investment, easing pressure on the bloc’s budget. “The potential initial financial scale could be around €12–15 billion,” according to the proposal, developed by the […]
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