New fifth-generation “5G” network technology will equip the United States with a superior wireless platform unlocking transformative economic potential.

However, 5G’s success is contingent on modernizing outdated policy frameworks that dictate infrastructure overhauls and establishing the proper balance of public-private partnerships to encourage investment and deployment.

Most people have heard by now of the coming 5G revolution.

Compared to 4G, this next-generation technology will deliver near-instantaneous connection speed, significantly lower latency – meaning near-zero buffer times – and increased connectivity capacity to allow billions of devices and applications to come online and communicate simultaneously and seamlessly.

In addition, multiple U.S. carriers including Verizon, AT and Sprint have announced commercial deployments in select markets by the end of 2018, while chipmaker Qualcomm unveiled last month its new 5G millimeter-wave module that outfits smartphones with 5G compatibility.

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