Seoul to invest € 1 billion in 5G network

by bold-lichterman

With a 5G connection, it is (in principle!) Possible to download a movie in a second …

“Countries in Europe, China and the United States have redoubled their efforts to develop 5G technology (…) and we believe that there will be enormous competition in this sector in a few years”, declared the Ministry of Science, which announced on Wednesday a significant investment of more than 1 billion euros to establish a 5G network, whose connections are a thousand times faster than those of the 4G network.

Competition is therefore fierce in the connection speed market, while Europe is struggling to deploy its 4G network, in France in particular, where the 4 operators are battling to attract subscribers, even though many complain that they are not receiving it. correctly in 3G …

Korea, one of the most connected countries in the world, will conduct a test service in 2017, with 5G services on the market at the end of 2020. The relevant ministry estimates that this facility will generate 331 billion won in figures of business (almost € 230 million) for the telecom equipment sector. This news will not displease heavyweights like SK Telecom, Korea Telecom, Samsung, and LG, players who weigh against the other mobile giants.

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