EU and China team up for 5G development

EU Commissioner Gunther Oettinger

In what is being hailed as a ‘milestone’, the EU and China have signed an agreement committing both parties to collaborate in the development of 5G telecommunications systems.
“Both parties are committed to reciprocity and openness in terms of access to 5G networks research funding, market access as well as in membership of Chinese and EU 5G associations,” the EU said in a press release released today.
Under the  terms of the agreement, the EU and China will seek to reach a global understanding, by the end of 2015, on the concept, basic functionalities, key technologies and time plan for 5G. “It’s a crucial step in making 5G a success,” said Gunther Oettinger, EU Commissioner for the digital economy and society. “With today’s signature with China, the EU has now teamed up with its  most important Asian partner in a global race to make 5G a reality by 2020.” 
5G (Fifth generation)  internet will mark a huge jump in the speed and availability of data,  with early indications suggesting dowload times of between 10 and 50 Gp per second.

Source: globaltimes