President Trump announced a major investment in the next generation mobile data technology known as 5G at the White House on Friday.
“It’s race our great companies are now involved in,” President Trump said. “According to some estimates, the wireless industry plans to invest $275 billion in 5G networks, creating 3 million American jobs quickly, and adding $500 billion to our economy.”
“To accelerate and incentivize these investments, my administration is freeing up as much wireless spectrum as needed,” President Trump said. “We’re removing regularity barriers to the buildout of networks. The FCC is taking very bold action, bolder than they’ve ever taken before, to make wireless spectrum available.”
“It’s all about 5G now,” the President told a room full of reporters. “We were at 4G, and everybody was saying, ‘We have to get 4G’. And then they said, before that, ‘We have to get 3G’. And now we have to get 5G, and 5G is a big deal. And that’s going to be there for a while. And I guess, at some point, we’ll be talking to you about number 6. What do you think? Do you think that’s true, Ajit?”
That’s right, FCC Chairman Ajit Pai was standing next to the President and basking in his glow, although what he thought about 6G was not reported, thank goodness. He did, though, provide some details of the regulatory commission’s next steps.
“America must win the race to 5G,” decreed Pai, citing two key reasons. First, “national competitiveness” in terms of the economy and second because “5G will improve Americans’ lives in so many ways.” Citing various research reports and industry association declarations, Pai added that “5G is a success story — an American success story.”
However, he adds that more needs to be done, and used the opportunity to announce two new FCC initiatives. In December this year the Commission will start its third 5G spectrum auction, selling off 3,400MHz of bandwidth across three mmWave frequency bands – 37GHz, 39GHz and 47GHz. The FCC also intends to create a new $20.4 billion Rural Digital Opportunity Fund to help extend broadband to up to four million homes and small businesses in rural America.
Watch the video below;
https://www.instagram.com/tv/B-2UhANpjP6/?igshid=1l9omggxuhluj
