Why The Race To 5G Is A Mirage
By
KEY POINTS
- Former national finance minister, Lou Jiwei warned last month that existing 5G technology in China is immature and quite expensive.
- The next stimulus package should contain billions of dollars to produce, distribute, install, build out, maintain and monitor municipal fiber-optic broadband cable around the nation.
- Until and unless a much safer, more cost-effective and less-energy intensive system can be produced, we should revise plans for continued expansion of the 5G albatross.
Why The Race To 5G Is A Mirage
You may have heard that we are locked in a technology battle with China over commercializing 5G. That conflict turns out to be more hype than happening, designed to whet American appetites for competition and pave the way for more subsidies to the global multi-trillion dollar telecom industry.
Former national finance minister, Lou Jiwei warned last month that existing 5G technology in China is immature and quite expensive. Increased electricity costs to fuel 5G in 2019, he recently warned look to be 10 times the profit of China Telecom — one of three state telecom companies of China.
Not missing a beat or a chance for tapping heavy government subsidies, a China Telecom official, speaking at a Groupe Speciale Mobile Association seminar in Beijing last month, called for the government to directly underwrite telecom electricity costs. He minced no words voicing his fear that without this support 5G could prove a colossal failure.
“The existing 5G technology is very immature. Hundreds of billions of investment have been deployed, and the operating cost is extremely high. No application scenarios can be found, and it is difficult to digest the cost in the future,” Jiwei warned last month in a speech that has been independently confirmed.
Read the full article at https://www.ibtimes.com/why-race-5g-mirage-3101033
