5G will revolutionize our lives whether it’s through IOT technologies such as telemedicine, or automated vehicles, the opportunities are endless.
But, the switch to 5G will require providers to make fundamental changes in spectrum use and infrastructure, while implementing softwarization. A new report released by MIT economist Dr. William Lehr details these changes and explains that companies will need to invest in a massive amount of financial, technical and operational resources to make 5G technologies available in the near future.
5G will require Mobile Network Operators to have a combination of high, mid and low band spectrum assets. In the past, MNOs have relied on licensed spectrum and build up their spectrum assets through auctions and mergers. Access to spectrum helps consumers the most as it leads to lower cost and higher quality of service. 5G requires a lot of spectrum and in order to remain competitive in the market, MNOs will need to have enough spectrum to deploy 5G.