The Office of the Communications Authority (OFCA) in Hong Kong has launched a subsidy scheme aimed at promoting new 5G projects across the territory. Under the scheme, the government will subsidise 50% of the actual cost directly relevant to the deployment of 5G technology in an approved project, subject to a cap of HKD500,000 (USD64,500). Around 100 qualified projects will be subsidised, with the scheme aiming to promote projects such as smart city applications.
An OFCA spokesperson commented: ‘Public and private entities/bodies are welcome to submit applications for projects which are able to bring substantive benefits to the business/sector concerned through the deployment of 5G as well as demonstrate innovation or cross-sectoral synergy.’
TeleGeography’s GlobalComms Database notes that three of Hong Kong’s four mobile network operators (MNOs) launched commercial 5G services on 1 April, with the fourth – SmarTone – still pushing ahead with its own 5G network rollout.
Source: https://www.commsupdate.com/articles/2020/05/07/hk-opens-5g-subsidy-scheme/