The Chinese mega-tech firm, Huawei, is set to invest a minimum of $600m (about £370m) in research into the 5G network technology by 2018.
Huawei, which recently claimed the third biggest global Smartphone market share, behind Samsung and Apple, said it would begin a commercial roll out of 5G by 2020.
According to the company’s newsletter, the current 4G generation of mobile networking was currently being implemented by some mobile operators, with the roll out set to continue for the rest of 2013.
It was gathered that Huawei recently piloted its own super fast 4G service in London, with speeds of up to 300Mpbs.
However, the firm claimed that it was not resting on its oars and was already set to work on the 4G successor, which was still largely in the embryonic 5G stage.
The firm explained that the multi-million dollar investment would be used to develop a number of enabling technologies for 5G.
It was also said in the publication that the speed of Huawei’s 5G would peak above 10Gps, over 100 times faster than the speeds offered by today’s 4G service providers.
The publication quotes Ren Zhengfei, the current CEO of Huawei (they rotate every six months), as saying that there were some issues that would have to be resolved before 5G could become a reality.
These, it noted included, “how to engineer a network architecture capable of handling increasingly higher data volumes and transmission speeds, necessary to accommodate more users on the network.
“We have already achieved many technological breakthroughs in 5G research and innovation, but the majority of the work remains ahead of us,” the publication said.