While our universities and tech firms still lead in cutting-edge innovation — from artificial intelligence to 5G wireless technology — it is China that has deployed them. The US is losing the commercialization race, a failure of our own making. America has no domestic manufacturer of 5G equipment, so it must rely on European or Chinese suppliers.
The Federal Communications Commission will conduct a transparent public auction that allows all bidders the opportunity to buy what the mobile industry deems prime real estate in their effort to roll out 5G networks nationwide. The sale could yield an estimated $20 billion to $40 billion for the US Treasury, help mobile carriers build 5G networks, and offer wireless internet service providers the opportunity to bring high-speed broadband to rural and hard-to-serve areas—if policymakers get this moment right.
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