11/6/2013 10:54:31 AM
Huawei commits more than half a billion dollars to 5G
Huawei is investing more than $600m into developing 5G technology, which it said should be launched commercially by 2020 and offer data speeds of 10GBps.
The investment adds to work Huawei began in 2009, with the manufacturer helping to establish the 5G Innovation Centre in the UK and work with more than 20 universities globally. Huawei said the cash will be spent on researching air-interface technology and developing other key technology.
Eric Xu, rotating CEO of Huawei, said: 'Innovation is a continuous journey. While we continue to evolve our existing 4G network capabilities, we plan to invest a minimum of US$600 million over the next five years on research and innovation for 5G mobile network technologies to ensure that we are meeting the consumers’ demands for increasingly faster and better connections. This number does not include investment to productize 5G technologies. 5G mobile networks with the peak data rates of over 10Gbps will allow people to download high-definition movies in one second and provide a true-to-life video communications experience.'
Author: Graeme Neill