President Trump announced a major investment in the next generation mobile data technology known as 5G at the White House on Friday.
"It’s race our great companies are now involved in," President Trump said. "According to some estimates, the wireless industry plans to invest $275 billion in 5G networks, creating 3 million American jobs quickly, and adding $500 billion to our economy."
"To accelerate and incentivize these investments, my administration is freeing up as much wireless spectrum as needed," President Trump said. "We’re removing regularity barriers to the buildout of networks. The FCC is taking very bold action, bolder than they’ve ever taken before, to make wireless spectrum available."