Huawei, a global information and communications technology (ICT) solutions provider has announced its plans to invest USD 600 million in research for 5G technologies – the next version of 4G LTE. However, this number does not include investment to productize 5G technologies.
Huawei has become the first telecom equipment vendor to announce such technologies that can significantly improve further the network speed.
The company has reportedly devoted hundreds of engineers to research and develop such technology that will enable speeds 100 times the current 4G networks. Current 4G mobile technology offers Internet connections at speeds up to 100 megabytes, three times faster than the 3G technology that preceded it.
“Innovation is a continuous journey. While we continue to evolve our existing 4G network capabilities, we plan to invest a minimum of US$600 million over the next five years on research and innovation for 5G mobile network technologies to ensure that we are meeting the consumers’ demands for increasingly faster and better connections.” claims Eric Xu, rotating CEO of Huawei.
According to Eric, 5G includes several challenges which includes the availability of spectrum and technological challenges, such as how to engineer network architectures capable of handling increasingly higher data volumes and transmission speeds necessary to accommodate more users on the network.
It is estimated that by 2020, 6.5 billion people worldwide will use mobile networks for data communications and 100 billion other technologies such as vehicles, meters, medical devices, and home appliances, will also be connected to the network over 5G.
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