BOSTON, Massachusetts: While Hollywood royalty waltzed down the red carpet last week ready for an evening of festivities and celebration, the mobile industry was busy hosting its own Academy Awards. The stars – Samsung and Huawei – dazzled with the unveiling of foldable, 5G-ready handsets.
Now, that’s not to say that 5G is a myth – far from it. Nations around the world have poured billions into making 5G a technological and economic reality. China alone is expected to spend a whopping US$411 billion on 5G mobile networks between 2020 and 2030. Meanwhile, operators are stuck with a lot of pipes and wires. If everything gets digitised, suddenly, those pipes aren’t all that important or valuable anymore.
Consolidating these lanes into 5G would certainly help drive down costs, particularly as new technologies that generate a lot of data come on to the market. Sure, there are plenty of trials – but for trials, where data is contained and doesn’t need to travel far, the networks we currently have in place are more than fit for function.
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