Verizon wants to develop standards for 5G, signs deal with KT to speed up commercialization
On Friday, Verizon's Lowell McAdam signed the partnership agreement with KT's chairman, Hwang Chang-gyu. The agreement was announced today. Mr. Hwang says that developing the standards for 5G is not something that can be accomplished by a single company or single country, leading KT to sign the agreement.
While most carriers hope to start rolling out 5G service in earnest by 2020, Korea Telecom has said that it will demonstrate 5G capabilities by 2018 during the PyeongChang Winter Olympics. Under the terms of the deal, both Verizon and KT will work on speeding up commercialization of the next generation of wireless service, trying to help KT meet its goal.
After both sides signed a memorandum of understanding, Verizon whisked the KT executive to its 5G testing ground in New Jersey. Big Red is said to be interested in KT's 5G millimeter wave technology. The Korean carrier will demonstrate this at the 2018 Olympics. Verizon was the first U.S. carrier to offer 4G LTE service in the U.S. and hopes for an encore with 5G. Data speeds are as much as 100 times faster than 4G LTE speeds.
source: KoreaHerald via AndroidAuthority