The Monegasque state has extended its public concession agreement in force since 2011 in the cable and telecommunications sectors to the national operator Monaco Telecom. This extension is for a period of 20 years, underlining the climate of trust established between the two partners with a view to offering the Principality a high level of equipment and services for the general public and businesses, and guaranteeing high added value in terms of attractiveness.

Today, the Monegasque model of telecoms has proven its worth: the Principality’s infrastructure is among the most advanced, both in the field of mobile, where Monaco is the first country fully covered by 5G, with the network also available in underground public car parks, and in the fixed line sector in which two-thirds of households are eligible for fibre before reaching 85 percent coverage by the end of 2021.

Independent studies carried out on behalf of the Government by institutes of economic expertise such as Tactis show that Monaco offers the most efficient telecom services for prices lower than all comparable states and enjoys better digital sovereignty.

The Government said that the renewed concession provides for closer coordination with Monaco Telecom, thanks to concerted planning every three years of developments in technologies and services, always with a view to strengthening the Principality’s leadership in telecom innovation. In practice, this enhanced coordination is reflected in the establishment of a strategic committee for the attractiveness of telecommunications, bringing together the Prince’s Government, the National Council and Monaco Telecom.

This will meet at least annually, and at the request of each of the participants and will examine the services and prices offered and ensure their competitiveness.

ORIGINAL SOURCE; Monaco Government Press Service

PHOTO: Frédéric Genta, Etienne Franzi, Martin Péronnet and Christophe Pierre