MTN: 10,225 -251 (-2.40%)
Many parts of the world not ready for super fast 5G network - MTN's CEO
(In Sept. 11 story, corrects headline and first paragraph to
show reference is to many parts of the world, also corrects to a
few years and not 5 years.)
DURBAN, South Africa, Sept 11 (Reuters) - Many parts of the
world are not ready for next-generation 5G network but would
likely be ready to embrace the super-fast technology in the next
few years from now, MTN's chief executive of said on
5G networks, now in the final testing stage, will rely on
denser arrays of small antennas and the cloud to offer data
speeds up to 50 or 100 times faster than current 4G networks and
serve as critical infrastructure for a range of industries.
"This is the technology that would be used for very specific
cases. It would not be a technology for everybody because most
people don't need it, your phone works fine on just 3G," Rob
Shuter told Reuters at a telecoms conference in Durban.
"You also need the equipment itself. So right now there's no
5G handsets and even the routers that can receive 5G network are
very few and very expensive."
Many of MTN's users in emerging markets across Africa and
the Middle East are still awaiting 4G and are likely to have to
get by with 3G connections for years more.
"What we are doing now is to learn from the technology and
get our network ready for it but I think 3G is much more
relevant in most of our markets," he said.
Shuter declined to comment on his company's multibillion
dollar dispute with Nigeria -- which account for a third of its
annual core profit -- because the matter is before a court in
the west African country.
MTN operates in more than 20 frontier markets including
war-ravaged Syria and Afghanistan.
(Reporting by Tiisetso Motsoeneng
Editing by James Macharia)
First Published: 2018-09-11 13:58:27
Updated 2018-09-12 13:12:42
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