
The expected benefits of 5G announced at the first Verizon 5G Technology Forum in August include 50 times faster speeds than current LTE, single millisecond latency, and the capacity to handle more IoT devices. The Technology Forum also includes of venture capital groups focused on emerging technologies.
Rima Qureshi, chief strategy officer for Ericsson, welcomed the Verizon-led initiative, saying "A lot of development and requirements for 5G networks have so far come from Asian operators. It's exciting to see a US company accelerate the rate of innovation and introduce new partners."