JERUSALEM (Reuters) – Israel launched a young for fifth-generation (5G) mobile frequencies on Sunday, hoping reductions to cash-strapped cell phone operators battling fierce competitors will entice bids.

The telecoms regulator expects three teams to bid, together with a mixture of operators to chop down on prices. It expects to announce winners by the top of the yr with a industrial launch to begin in 2020 and persevering with by means of 2023.

“We’re conscious of the businesses’ present monetary state of affairs and the tender takes this under consideration,” stated Communications Minister David Amsalem.

The ministry has stated 5G is critical to develop…

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