Licences for spectrum in the 800 MHz, 1800 MHz and 2.6 GHz bands will be extended until 2030.
O2 has now made its standalone 5G (5G SA) service available in dozens of cities.
This is the third time the Belgian government has made funding available for innovative 5G projects.
France Télévisions says it will use a cloud-based 5G network for the event.
The companies have launched a commercial virtualized RAN (vRAN) and Open RAN site in Germany.
The company is expected to expand its partnership with Amazon Web Services (AWS) later this month.
The Ministry of Business and Made in Italy said that the law will promote the development of the Italian 5G economy with high-performance networks.
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