Antonis Tzortzakakis, ex-Secretary General of Telecommunications and Postal Services, as Managing Director, “Participations 5G S.A.” starts its operations. The only objective is the administration and management of the Phaistos investment fund.
Known for seeking out new companies, ideas, and exploits for major developments in the 5G network space.
The Phaistos Fund ‘s dedication lies on making strategic investments in specific companies. Especially thoses that are at the forefront of cutting-edge technological advancements. This includes but doesn’t limit to 5G infrastructure. We can focus on investing in companies engaged in research and development of products and services. The filed of investing interest relates to the transport and supply chain, manufacturing, industry, tourism and so much more. This initiative is something I personally think will make a difference in the country’s innovations. As per the announcement, this innovative approach has significant benefits for Europe. Expectedly, it will have a major impact on the development of Greece’s 5G digital ecosystem and will substantially enhance the competitiveness of the Greek economy.
In addition to Mr. Tzortzakakis, the composition of the board of directors consists of people with experience in the field of investments in technology companies. The amount of capital with which Phaistos will be launched is not yet “closed”, as to the €93 million, which corresponds to 25% of the proceeds from the assignment of the frequencies to be used for the operation of 5G networks, additional capital is expected to be added by interested parties to participate in this fund.
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Author: PC-GR
The World of Technology
