The world’s fastest internet is in development and it’s not just telecom carriers that are racing to see who will be the first to offer it across a nationwide wireless network. It’s also high stakes for countries around the globe that want to claim the first rollout of nationwide 5G. At 100 times faster than current
5G is the 5th generation of wireless technology and tagged by many experts as the future of wireless. With each new generation of ‘G’ – the capabilities have improved. With 4G networks (which weren’t cheap for telecoms to upgrade), we got WiMAX and LTE and the ability to watch videos on our phones with higher quality. With 5G, we will have faster speeds, lower latencies (which is needed to transfer info instantaneously) and the ability to connect a lot more
Standards, though, are not fully established yet overall and many carriers and equipment providers are involved in 5G trials to help set them. In the US, carriers aren’t expected to have national availability until 2020. Each carrier has a slightly different way of implementing their rollout and capabilities, which makes it tricky to determine what’s been accomplished on a larger scale. But one thing that is certain – 5G is one of the hottest developments in the telecoms industry, creating limitless possibilities.
Countries, like telecom carriers, are also vying to be first in building nationwide networks that use 5G technology. “Accordingly, countries that adopt 5G first are expected to experience disproportionate gains in macroeconomic impact compared to those that lag,” as noted in a Deloitte Consulting 2018 report. Countries such as South Korea, China and the US have made huge strides towards updating their infrastructures. But in the US for instance, there are many hurdles such as regulatory changes that are needed to allow more small cell stations to be built across the country in order to handle 5G. Some cellular companies are even considering merging in order to speed up deployments, increase capabilities and synergies overall.
The advantages of being first - getting a technological head start are many. It will mean more jobs (network construction and maintenance) along with all the new next-gen services we can’t even imagine at the moment, and could lead to an overall increase in economic numbers for carriers as well as their home countries.
To learn more about 5G advancements and the state of the industry, register to attend Telecom Exchange LA, to be held November 6-7, 2018. Hear from industry leaders on the 5G CEO Roundtable: Pushing 5G to the Edge: A New Era of Connectivity and Reduced Latency.