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 mix of operators to chop down on prices. It expects to announce winners by the top of the yr with a business launch to start out in 2020 and persevering with by means of 2023.

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

The ministry has mentioned 5G is important to develop…

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