Speeding Things Up: States Support 5G, New OpenSignal Internet Report

Mobile Industry News for the Week of June 5, 2017
States are realizing that 5G will open up major economic opportunities. Just this week, Virginia signed a bill that will open up infrastructure opportunities for faster 5G development. Although companies and government alike are excited for a faster wireless service, a new OpenSignal report found that the U.S. is still lagging when it comes to LTE (4G) speeds, although availability has improved. The stories on our minds are below.
State Support For 5G — As reported by Axios, Virginia Governor Terry McAuliffe this week signed a bill to speed up the process of building the infrastructure to support 5G. This bill would enable network equipment to be installed on public spaces such as lamp posts, utility poles, and buildings. Other states, such as Florida and Texas, are also passing these bills in order to speed up the process of 5G deployment, which can take a lot of time (and money) due to permitting rules. States are eager to promote 5G development because it’s projected to boost jobs and revenue – according to Accenture, 5G could create 3 million jobs nationwide and $500 billion in GDP. States are taking note of 5G’s potential and jumping on board early on so that they can reap the economic benefits.
Global Mobile Internet Trends — A new mobile internet report from OpenSignal shows that the U.S. is lagging in internet speed compared to other countries. According to RCR Wireless News, the U.S. ranks in the top five countries for best LTE availability – the findings show that 86.5 percent of the U.S. population has access to LTE. However, the U.S.’s LTE speeds aren’t nearly as fast as other countries, such as Singapore’s, which measures at 46 Mbps. Even if countries, such as the U.S. or Japan, are early LTE adopters, their LTE speeds may be hindered due to capacity constraints. Other countries that are new to LTE availability, however, may experience faster speeds simply because there’s a lighter load of users.
What news stories are on your minds this week? We’d love to hear what stories you’re dialing into.