Last Updated on November 7, 2020, 6:25 AM AST by Anthony Morris
A US telecom infrastructure company has offered to deploy 5G network in Jamaica for free, in exchange for gradual eventual revenues over time generated in the country.
US Ambassador to Jamaica Donald Tapia said in an interview that Rivada Networks is interested in making a 5G network in the Caribbean country at zero cost to Jamaica.
Rivada Networks would not only handle construction but also operate the networks which it would own. The US embassy official said that there isn’t a guaranteed rate of return from the proposal and that Rivada Networks would undertake all capital risk in the project.
5G promises to be a major revenue driver for the telecoms industry, according to an Ericsson report, the telecoms market could be worth up to $619 billion globally in 2026.
The next-generation technology also brings upgrades such as lower latency, faster download speeds and more capacity for service providers. It was tipped to bring new technologies, autonomous vehicles, smart cities and upgrade the IoT market.
Anthony Morris covers stories related to politics and regional developments. His in-depth reporting about governance and reforms makes him stand out in regional journalism, with a deep analysis of political trends and their impact on Caribbean communities.
