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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/19/2016 11:36:58 AM
   of 1084
 
Your Phone Is Poised to Get 10 Times Faster as FCC Approves 5G

Federal Communications Commission Chairman Tom Wheeler took a seat, grasped a set of controls, and guided an excavator -- that happened to be 1,400 miles away.

By moving dirt in Dallas through a remote hook-up from the FCC’s Washington offices earlier this year, Wheeler showed the promise of what could be the largest and most lucrative expansion of the internet yet.

The agency on Thursday took a major step toward boosting wireless speeds 10-fold by voting unanimously to open little-used airwaves to purposes as varied as remote surgery, lightning-fast video downloads and factory robotics. The network that will flow over the frequencies in the next few years will be known as 5G, or fifth generation, to succeed the 4G networks that carry music and movies to smartphones today.

"We’re turning loose the incredible innovators of this country,” Wheeler said just before the commissioners voted in Washington.

bloomberg.com
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