It Is Time To Bring The Wireless Telecommunications Industry Into The 21st Century: 5G

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New York, NY May 13, 2019 – Stock Market Press is a leading financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network explores the role 5G is having in the telecommunications marketplace.

What is 5G? 5G (short for 5th Generation) is a commonly used term for certain advanced wireless systems. Industry association 3GPP defines any system using “5G NR” (5G New Radio) software as “5G”, a definition that came into general use by late 2018. Others may reserve the term for systems that meet the requirements of the ITU IMT-2020, which represents more nations. 3GPP will submit their 5G NR to the ITU. [1] It follows 2G, 3G and 4G and their respective associated technologies (such as GSM, UMTS, LTE, LTE Advanced Pro, etc.). (Wikipedia)

In the US, and across the world, there is a new game in town: 5G. These new wireless systems finally bring the wireless telecommunications industry into the 21st century. While 4G provided a much needed increase in stability and bandwidth, it pales in comparison to 5G.

5G not only brings fast transfer speeds (4K UHD streaming quality), it opens up the doors to real-time interactions across the city and the country with significantly reduced latency. Two big players in the telecom world, Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T) are on board and expanding their 5G systems nationwide.

AT&T 5G Network First in the U.S. to Surpass 2 Gigabit Wireless Speeds

Pushing limits is exactly what a 5G world is all about. Today, another mobile 5G speed milestone was achieved when we hit peak speeds surpassing 2 gigabits per second on our live, commercial 5G network in Atlanta using the NETGEAR® Nighthawk 5G Mobile Hotspot. We’re the first carrier in the U.S. to reach this speed, and just like last month’s record smashing through the 1 gigabit mark, this also was outside the lab in the real world.

Sustained speeds like this would be equivalent to downloading a 2-hour HD movie in 10 seconds –blazing fast in any environment. Of course, reaching 5G’s ultimate potential is a journey and these milestones represent just part of the exciting moments in building a 5G world. It started commercially with our 2018 launch as the first carrier to make mobile 5G a reality in the U.S. and we continue leading the race in revolutionizing how we live, work and play.

Talk about f-a-s-t! While coax and fiber will still be used heavily as the backbone, having wireless speeds of this magnitude will ‘change the world’. 4G brought about some incredible technologies that weren’t possible before including live streaming TV and movie watching to your smartphone. 5G is going to take us placed we haven’t even thought of.

5G will lead to the creation of 3 million new jobs, with $275 billion in direct investment, and $550 billion in economic growth, according to CTIA – The Wireless Association.

Customers in Chicago and Minneapolis are first in the world to get 5G-enabled smartphones connected to a 5G network

Verizon’s 5G Ultra Wideband network is the first commercial 5G network in the world that works with a 5G smartphone.

Today, Verizon officially turned on its 5G Ultra Wideband network in select areas of Minneapolis and Chicago a week ahead of schedule. For the first time ever, customers can access a commercial 5G network with the world’s first commercially available 5G-enabled smartphone*, the moto z3 combined with 5G moto mod. Customers using Verizon’s 5G Ultra Wideband network in Chicago or Minneapolis could see speeds of up to 1 Gbps.

“Verizon customers will be the first in the world to have the power of 5G in their hands,” said Hans Vestberg, Verizon’s chairman and chief executive officer. “This is the latest in our string of 5G firsts. Verizon launched the first commercial broadband 5G service last October, Verizon 5G Home, and now we’re lighting up our 5G Ultra Wideband network in Chicago and Minneapolis, providing the world’s first commercial 5G mobile service with a 5G-enabled smartphone.” Starting today, consumers and businesses have a 5G network and a 5G-enabled smartphone that makes real-time a reality.

5G is here and with it a whole new world of communication is becoming available: faster speeds, lower latency, sensors that talk to each other in real time, true VR, automated cars, drones, broadband access in remote areas (no coax/fiber service) and more.

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