All about 5G & Its Benefits, Works | and Why Does It Matter?

Governments of various developing economies across the globe have realized the potentials of 5G and the impact this technology can have on the GDP of the country. Also, it is anticipated that due to digitalization of businesses, huge jobs would be created that would in turn have a positive impact on the economy of a particular country. TeleBrasil, which is the Brazilian Telecommunications Association has signed an agreement with China, the US, European Union, Japan and South Korea to develop 5G technology in the country. The Indian government has established a 5G forum with a budget of approximately $76 million dedicated to 5G research and development. Private-sector activity includes a MoU, signed by Nokia and Indian telcos Airtel India and BSNL to develop 5G, which complements Nokia’s placement of an IoT-related 5G lab in Bengaluru. Government and MNO backing coupled with India’s sizeable population will help accelerate return on infrastructure investment.

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Companies Mentioned:

• T-Mobile USA, Inc.
• Cisco Systems, Inc.
• AT&T, Inc.
• Qualcomm, Inc.
• Ericsson
• Huawei Technologies Co. Ltd.
• Verizon Communications, Inc.
• Nokia Networks
• Telefonica S.A.
• Orange S.A.