First global 5G standard finalized

The world may soon see the birth of 5G commercially because the first global 5G standard was finalized today and the milestone will boost commercial development and network construction on the next-generation network standard, said telecommunications firms and 3GPP, the body that governs cellar standards.

China Mobile, China Unicom and China Telecom and technology giants like Huawei and ZTE are some of the major corporations that will be involved in harnessing the 5G standard which allows network speed of 20 to 50 times faster than the current 4G networks. The 5G networks are expected to roll out around 2019, according to market observers.

It’s a milestone to accelerate construction of mass scale network and commercial use of the new 5G technology, Huawei said in a statement today.

China Mobile is partnering 112 companies to develop new applications on 5G, including drone, bike sharing, parking, wearable computing and robotics, said the world’s biggest mobile carrier with more than 880 million users.

Major industry players which approved the 5G standard also include AT&T, Ericsson, Intel, LG, NEC, Nokia, NTT DoCoMo, Orange, Qualcomm, Samsung and Sony.

Between 2017 and 2021, more than 8.6 billion smartphones are expected to be sold globally and they will spot major tech development on artificial intelligence, 5G and the Internet of Things, said Qualcomm, the world’s biggest mobile chip designer.