Put Your 5G Upgrade on Pause
Don’t get your hopes up too soon. Widespread rollout of the faster wireless service could take years.
By now, you’ve probably heard about the promise of fifth-generation wireless, or 5G, with speeds up to 100 times faster than current networks. But don’t give up your 4G phone just yet. The transition to widely available 5G could stretch for as long as a decade. Even some mobile providers say the rollout will take three or four years, and that prediction is “absolutely optimistic,” says Dan Hays, a telecom principal with PwC US.
Blame physics: 5G data requires dense, higher-frequency radio waves to deliver its blazing speed. But the higher the wave frequency, the shorter the distance it can travel before petering out.
While a 4G tower can broadcast a signal for miles, a 5G tower’s range is about 1,000 feet. “You could have 5G available right outside your building but not have it down the block or inside your building,” Hays says.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Before a city can adopt 5G wireless, it will need a lot of antennas, both outside and inside our homes. (Imagine 5G poles lining city blocks and router-like boxes in your kitchen.)
Most cities will also need to install miles of fiber-optic internet cable to support full 5G, a capital-intensive upgrade for most of the country’s existing broadband network.
Compared with the transition to 4G, “5G infrastructure is a fundamentally different challenge,” says Ernesto Falcon, of the Electronic Frontier Foundation. “It’s hundreds of billions of dollars of investment.”
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
-
Here's How To Get Organized And Work For Yourself
Whether you’re looking for a side gig or planning to start your own business, it has never been easier to strike out on your own. Here is our guide to navigating working for yourself.
By Laura Petrecca Published
-
How to Manage Risk With Diversification
"Don't put all your eggs in one basket" means different things to different investors. Here's how to manage your risk with portfolio diversification.
By Charles Lewis Sizemore, CFA Published
-
Roth IRA Contribution Limits for 2024 and 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
By Jackie Stewart Last updated
-
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
-
Five Ways to a Cheap Last-Minute Vacation
Travel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
By Vaishali Varu Last updated
-
How to Figure Out How Much Life Insurance You Need
insurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
By Kimberly Lankford Last updated
-
Amazon Big Deal Days Is Coming! We’ve Got All the Details
Amazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
By Bob Niedt Last updated
-
How to Shop for Life Insurance in 3 Easy Steps
insurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
By Kaitlin Pitsker Published
-
Five Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
By Daniel Bortz Last updated
-
Retirees, It's Not Too Late to Buy Life Insurance
life insurance Improvements in underwriting have made it easier to qualify for life insurance, which can be a useful estate-planning tool.
By David Rodeck Published