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László Palkovics, the minister of innovation and technology, said at a meeting of the 5G Coalition that Germany generated 6.5 billion euros in revenue from the auction of the frequency band related to 5G, and construction of its network is expected to be ready by the end of 2022. This process in Hungary can be concluded faster thanks to Hungary’s more advanced frequency management, he said, adding that the first 5G services will be launched in the third quarter of this year, and high capacity innovative services are expected to be available after 2020 in the 26GHZ band. Dedicated frequencies for universities and industrial companies will be hived off, and the ministry started broad consultations with various stakeholders last week with a view to meeting their needs in the 26GHZ and 2300 MHZ bands, Palkovics said. A single state registration and planning system will be employed to coordinate the development of 5G.