It might be dominating the headlines, demanding the lion’s share of CAPEX and a fresh opportunity to show some sort of innovation, but BT has reiterated the message that the future is more than just 5G.
Speaking at Broadband World Forum in Amsterdam, BT’s enterprise business CEO Gerry McQuade offered the room a timely reminder that there is a lot more to creating a future-proofed telco than rolling out an expensive and flashy 5G network.
“5G vision, whilst it is not the catalyst of the strategy, it is absolutely key in delivering it,” McQuade said his presentation.
The GSMA is suggesting telcos will spend more than $244 billion on 5G networks by the end of next year.
While this is of course spread out across the operators globally, it is still a monstrous figure to generate ROI against when you consider the gloomy picture which is looming large across the consumer segments.
5G is unlikely to be a silver bullet to solve all the challenges which telcos are facing, and it probably won’t be the only reason the industry wins out against the OTTs who are causing chaos, but it is unavoidable.