Why the competition to 5G is crucial for mobile internet providers

If you want to understand more about the race to 5G and its effects, then this post is ideal for you.

People want quicker and faster mobile phone network signals, and this post will look at the race to 5G. The financial backing for 5G research and development is immense, which is further evidence of how keen businesses are to get to the milestone. The EU and South Korea alone have financial investments in the technology of more than $2bn. This financial investment is a fantastic indication for the likes of Charles Dunstone, who invests in telecoms and will profit from the investments made into the industry. Better internet speeds are in the interest of everyone, customers, company and state or government. With better internet connections firms will become more efficient, and this is easier for the general position of a regions industries. This is one reason for governing bodies and markets both investing so much into telecoms research and development. Mobile phone suppliers also benefit from much better connections, as individuals will want the newest phone to use the better connections speeds.

The race to 5G is a widespread research project which will benefit everybody involved. Countries which do not yet have 4G will still gain from the leaders in telecoms developing 5G. It is somewhat like a trickle-down system, where the tech is shared with competitors once it is no longer the most sophisticated. When 5G is available in say, South Korea or the UK, then someone like Michael Tsamaz will have better tech readily available to him and his business for cheaper. Common internet problems will become less common as the technology is improved, and that is the case all over the world, not only in the country where the tech was produced. Every provider still wants to be the one to develop 5G however, as there will be huge profits available when they sell on the tech. By being the first to establish the tech, they will likewise gain fame and gravitas from the rest of the sector.

Mobile phone users are constantly browsing for faster internet connections that will accommodate their hectic routines and need for internet anywhere they are. This high demand suggests investors in telecoms, such as Vincent Bolloré, will really want their firm to meet customers’ expectations. As there are plenty of network suppliers out there, the client has the freedom to move elsewhere if they feel they can get a much better service. The competitive market of network supply results in a better service for customers, and quicker technological developments as well. Without the high demand of their consumers, network suppliers may not have come to 4G yet, let alone 5G. Obviously every service provider wants to be the 1st to provide the consumers what they really want, in the shape of 5G, as it will set them out from the rest. The first company to reach these high internet connection speeds, will pull in any customer who needs to use the internet when out and about.

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