5G is revolutionary. But will anybody pay for it?
Barcelona It's impossible to avoid 5G at Mobile World Congress. There are 5G cars, 5G smartphones and 5G firefighting drones. There are even 5G fish-farming systems and 5G breakfast trays.But executives gathered in Barcelona for the industry's annual talkfest admit there are still roadblocks that need to be removed before super-fast 5G wireless networks become a reality for many consumers.Huawei, one of the world's largest makers of telecoms equipment, is one big question mark.
a trade body that represents mobile network operators, estimates that the rollout of 5G in Europe will cost €500 billion .But a recent study by accounting firm PwC showed that only a third of American consumers would be willing to pay any sort of premium for a 5G connection. "5G is a major investment ... and there are still barriers to making the business case," said Daniel Pataki, vice president for policy and regulation at GSMA.
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