France needs 5G to attract investors: says Iliad founder Niel | News

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PARIS (Reuters) - Un mouvement de protestation contre le déploiement de la technologie mobile 5G en France risque de réduire l'attrait du pays pour les investisseurs, a déclaré mardi le magnat français Xavier Niel.

“5G is an element of attractiveness for our country,” said Niel, founder of the French broadband Internet provider Iliad, during a press conference.

“There is a time when we are going to have to create jobs in this country, so we need foreigners and investors to come here. ”

France plans to hold its highly anticipated 5G spectrum auction in late September after several delays, notably due to the coronavirus epidemic.

Germany and Italy have already raised billions of euros through 5G spectrum auctions, which raises questions in France about the amount the French state will seek to raise.

Orange, Altice Europe’s SFR, Bouygues Telecom and Iliad, the four main French telecom operators, are plunged into an extended price war that is weighing on margins.

(Reporting by Gwenaelle Barzic; Writing by Maya Nikolaeva, Editing by Sarah White and Jane Merriman)

    

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