Forbes: Phaistos Investment Fund, a model for the rest of the world to follow
In an article on Forbes, Moore Insights and Strategy Vice-President Winn Townsend notes that “Greece is rich in beauty, history and literature, but not necessarily technology compared to other parts of the world. However, this is changing quickly on many fronts, including next-generation 5G networking”. He underlines that “it is compelling how the Greek government is investing a percentage of its 5G spectrum auction revenue. The resulting Phaistos Fund is a public/private partnership designed to drive innovation through entrepreneurial efforts that have the potential to foster a profitable and sustainable digital technology market in Greece. It’s a model for the rest of the world to follow—especially in the United States, where the ballooning prices paid by MNOs for licensed spectrum are often just returned to government coffers by the FCC”.
