Hong Kong 5G scheme gets ‘enthusiastic’ response

15 Jun 2020

Hong Kong’s Office of the Communications Authority (OFCA) says it has received an ‘enthusiastic’ response to its subsidy scheme for encouraging the development of 5G projects which was launched on 5 May. The regulator says it has so far received 81 applications for subsidies, with three of these already approved. The government will subsidise 50% of the project costs directly relevant to the deployment of 5G technology, subject to a cap of HKD500,000 (USD64,500). It is anticipated that around 100 qualified projects will be subsidised. The scheme aims to promote projects such as smart city applications.