According to the GSM Association (GSMA), the release of the millimetre wave (mmWave) spectrum for 5G services could add about $565 billion to global GDP and around $152 billion in tax revenues from 2020-34.

As per GSMA’s report on mmWave 5G spectrum these outcomes would rely on government support for the identification of sufficient millimetre wave (mmWave) spectrum at the next International Telecommunications Union (ITU) World Radiocommunication Conference (WRC) in 2019.

The report further stated that mmWave spectrum would carry the highest capacity 5G services as it would support very high data transfer rates and ultra-reliable, low latency capabilities, which will in turn support new use cases and deliver the benefits of 5G to consumers and businesses. mmWave 5G will provide the consumers with ultra-fast mobile broadband services including immersive entertainment.

The world telecom industry will be discussing about new mmWave bands for mobile at the WRC-19. To this end, GSMA has recommended on supporting the 26 GHz, 40 GHz and 66-71 GHz bands for mobile communications. The global harmonisation of these bands at WRC-19 would lead to economies of scale and make broadband more affordable.

In addition to US, countries such as South Korea, Japan, India and Canada will be using 28 GHz spectrum for mmWave 5G, said GSMA.