A lot has been done in terms of launching 5G in Latin America. Fortunately, regardless of the pandemic, implementation continues in the region, and towering services keep pushing for more 5G connectivity. Currently, the countries that have benefited the most from the 5G implementation wave are Chile and Peru. Another country where a lot of 5G work is being planned is Brazil. Read on to find out more about the status of 5G implementation in Latin America.
An Expected Increase in Connections
The implementation of 5G in Latin America is moving at an impressive pace. As a result, the total connections are expected to increase from the current 0.3 million to about 61.9 million by 2025. By 2025, it is anticipated that 5G will account for 13% of the region’s mobile subscriptions. Latin America is also fighting to ensure that it contributes significantly to the 5G estimated 10% of global mobile devices that will be running on 5G by 2023. This estimation is according to the Cisco Annual Internet Report.
Massive Investments Into 5G
Latin America is currently investing heavily in the implementation of 5G. This investment is being used for towering service and purchasing equipment necessary for 5G, among other things. By the end of 2021, there will be a total of 11 commercial deployments of 5G throughout the region. From the time the first 5G connections started up until now, mobile operators have invested almost 100 billion dollars that are being used to deploy infrastructure.
5G is Expected to Boost Productivity in Latin America
There is a lot that separates 5G from the current networks. For instance, this network will provide higher speeds and ultra-low latency. This is expected to facilitate the use of innovative solutions for Latin American enterprises that are seeking ways to boost productivity post-pandemic. The gains in productivity will undoubtedly make a positive impact on mobile technologies and services that are contributing to the region’s economy. In the year 2019, the mobile industry had a 7% contribution to the region’s economy, and this figure is expected to rise significantly with the contributed implementation of 5G.
5G is expected to bring about a lot of change in Latin America as far as businesses are concerned. This is probably why mobile operators are investing a lot in towering services and 5G implementation.