5G deployment in EU’s 28 member states could reach approximately €56 billion

The total cost of 5G deployment in EU’s 28 member states could reach approximately €56 billion, claims a study financed by the European Commission. The study simulated a perfect scenario in which Europe will be able to maximise the benefits of 5G. The authors indicate that the benefits of 5G introduction in the four studied industrial sectors (automotive, healthcare, transport and utilities) may generate up to €113.1 billion per year. The study also investigated spectrum challenges and spectrum needs of 5G.