The European Commission and the South Korea`s Ministry of Science, ICT and Future Planning (MSIP) have signed an agreement on the global development of the communication standard 5G, according to the website of the European Commission.
According to the agreement, the sides will work together in 5G research. They also agreed on the need for harmonized radio spectrum to ensure global interoperability and on the preparation of global standards for 5G. Work plan for the implementation 5G will be developed by the end of 2015.
In the near future, a similar agreement will be signed between the EU’s 5G Infrastructure Association (whose members include Alcatel-Lucent, Atos, Deutsche Telekom, Ericsson, Nokia, Orange, Telecom Italia, Telenor and Telefonica) and South Korea`s 5G Forum.
Vice-President of the European Commission Neelie Kroes said that authorities in different countries for the first time united to support the market of information technologies and accelerate the process of standardization. According to her, 5G will become the new lifeblood of the digital economy and digital society once it is established.
The EU is investing €700 million over the next seven years in the development program of the standard 5G. It is planned that 5G will be introduced globally by 2020.