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.
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29 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.
The Greek proposal for a new Own Resource, from the exploitation of the European radio spectrum, in the European budget 2028-2034, was submitted to the Irish Presidency of the EU and to the General Affairs Council that met yesterday in Brussels. The proposal, elaborated by the Minister of National Economy and Finance and President of the Eurogroup, Kyriakos Pierrakakis, provides for the creation of a common European […]
Greece proposed the creation of a European Radio Spectrum Union as a new Own Resource for the 2028-2034 budget, with a common framework for the utilization of radio spectrum, which is currently managed by each country separately.
A new proposal for the exploitation of future revenues from 6G frequencies is being promoted by Greece at the European level, with the aim of creating an additional source of financing that is estimated to generate 12 to 15 billion euros in the European Union. The post Greek proposal for 6G: Up to 15 billion euros for investments in Europe appeared first on PatrisNews - Patris Ilias Newspaper.
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