5G carriers battle to provide new experiences

Annual investments to reach $500bn as South Korea and US prepare launch

20180604 global digital summit

GSMA's Mats Granryd speaks at the Global Digital Summit in Tokyo. Seated next to him are John Harrington of Nokia Japan and Jim Cathey of Qualcomm Technologies.

MITSURU OBE, Nikkei staff writer

TOKYO -- The ultrahigh-speed 5G mobile networks rolling out worldwide over the next several years will demand costly investments by telecom carriers, forcing them to rethink how they serve companies reaching for the opportunities created by the new technology.

The once-in-a-decade revamp of the mobile standard guarantees fierce competition among technology companies as well as telecom carriers.

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