Australian investment firm SOFI Investments has shared its thoughts about the development of the 5G wireless network.
In a recent article for The Irish Daily Mail, SOFI Chief Executive John O’Hagan said the 5Gs rollout would see 4G and 3G networks rolled out across the country by 2025.
O’Haghans comments came as part of a series of articles in which the firm has highlighted the difficulties of building and deploying 5G networks in Australia.
O”In the first quarter of 2025 we will see 4 and 3 gigabit services rolled out on a nationwide basis,” O’Brien said.
“At that point, we are confident that we can get to 100 per cent 5G deployment by 2028.”
“We are in the early stages of a 5G rollout in Australia, but the early adopters will have had time to make sure they have the right skills and know-how to take advantage of the opportunity,” he said.
However, O’hagan also revealed that the first 4G service rollout would be done in 2021, when the network will be fully operational.
“It is our belief that the rollout of 4G services in 2020 will be faster than what we have achieved to date,” he added.
“As part of our 5G network deployment we are looking at the possibility of rolling out 3G services by 2021, but in the meantime, we need to ensure that there is a seamless transition from 4G to 3G, so we can have the best possible connectivity for our users.”
Our 5G service will have a long tail of services, and we are planning to add as many services as we can as we scale our 5GHz network.
“O’Brien is the founder and CEO of SOFI, which was founded in 2000.
He said that his company has seen an exponential growth in 5G coverage across Australia.”
In our early years we were only covering two million customers per year in Sydney and Melbourne, and now we are covering over 100 million customers a year,” he told The Irish Mail.”
So we have seen a lot of growth in Australia and the world over in 5Gs coverage.
“Over the next few years, we expect that we will continue to see increased growth in the Australian 5G market and we have a fantastic team that is leading the way.”
“The 5G project has been an exciting and rewarding project, but it has also been a challenging and challenging journey,” he continued.
“We had to work through a number of challenges that we are now all on the same page with, but we are all very excited about what the future holds.”