5G is coming to Israel — the Communications Ministry approved on Tuesday four grants for a total of NIS 3.4 million to be given to Israeli companies to build a 5G network.
C4I and Cyber Systems, a department of Elbit Systems, Sightbit, Intelligent Traffic Control (ITC) and RAD Data Communications are the companies whose projects were chosen by the Innovation Authority's research committee.
These 5G technologies will represent significant growth for the Israeli economy, according to the Communications Ministry,
"5G developments will become a significant aspect of life in Israel in the coming years, and we put a high priority on positioning Israeli high-tech as a global leader in the field," said Communications Minister Yoaz Hendel.
"We will continue to support initiatives and creative ideas to promote Israel as a global technology leader," added Hendel.
The four winning companies will join five others who have secured funding in the Pilot Program's first round. The program's third funding round is already underway.