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Georgian telecommunications industry becomes more attractive to global investors

Oil&Gas Materials 15 January 2021 12:28
Georgian telecommunications industry becomes more attractive to global investors

BAKU, Azerbaijan, Jan. 15

By Tamilla Mammadova – Trend:

Georgia joined the US government-led 5G Clean Network program, which unites more than 60 states, said Georgian Economy Minister Natia Turnava, Trend reports via Georgian media.

“This initiative ensures security in this area, and the entry of credible investors. By joining this initiative, our telecommunications industry became more attractive to global, reliable, and reputable investors,” Turnava said.

The memorandum of understanding signed on January 14 reads that "5G will enable a vast array of new applications, including the provision of critical services to the public, which will benefit our citizens and our economies".

"Increased amounts of data on 5G networks will further interconnect the economies of the world, including the United States and Georgia, and facilitate cross-border services and commerce”, the memorandum says.

The document further emphasizes the importance of developing a common approach to 5G network security and ensuring a secure, resilient, and trustworthy 5G ecosystem as well as the need to develop, deploy, and commercialize 5G networks based on the foundation of free and fair competition, transparency, and the rule of law.

The United States and Georgia emphasize the importance of encouraging the participation of reliable and trustworthy network hardware and software suppliers in 5G markets, taking into account risk profile assessments, and promoting frameworks that effectively protect 5G networks from unauthorized access or interference”, the memorandum says.

The Clean Network is a 2020 US government-led program to address the long-term threat to data privacy, security, human rights, and principled collaboration posed to the free world from authoritarian malign actors.

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