British PM made announcement on Sunday
His speech at the opening of Europe's largest technology show,
Peppering his intervention with a number of successful British hardware companies like Imagination Technologies and ARM, he unveiled a new set of measures that include a £45 million budget for Internet of Things projects, tripling what was already available and a £1m European Internet of Things grant fund for companies investing in
Full steam ahead
5G has been pickingup momentum over the past year with Chinese networking behemoth, Huawei , leading the way.
The company plans to invest 444 million Euros in 5G research and development over the next four years. Korea already stated that it will be investing heavily in 5G technology with trials expected to happen by 2017.
The successor to 4G is likely to become available in 2020 with maximum theoretical download speeds up to 1,000 faster than 4G LTE (that would be around 100Gbps). Other benefits include much lower latency and better battery life.
Last month, the British government announced plans to work with Taiwan on exploring opportunities to collaborate on technological projects including 5G as part of the government's UK Science and Innovation Network (SIN).