The next generation of cellular mobile communications technology has arrived. 5G, which is set to succeed the 4G standard over the next few years, offers an exponential improvement in functionality over 4G, it is 100 times faster and has 1,000 times more capacity. The results will be mobile networks that offer far higher capacity and reliability, much lower latency, reduced energy usage, and massive connectivity for devices.
Telecom companies in Cyprus are gearing up for what is expected to be a significant investment in deploying 5G networks. Although anticipated benefits will drive this investment, there are also challenges that must be overcome if companies are to realize a sufficient return on investment (ROI).
PwC Cyprus and the University of Nicosia have launched a survey to capture the level of awareness and level of engagement of the local ecosystem towards this new technology.
Commenting on the University’s role in this, the Head of the Accounting Department and Holder of the PwC Chair in Business Research at the University of Nicosia, Professor Petros Lois, noted that the collaboration between the two parties covers a broad range of areas and helps connect the academic and research community to the business world. “The PwC Chair at UNIC has been working diligently since 2002 to promote a comprehensive framework of research, information and documentation at both the local and regional level in key areas of the economy”, he explained. “The present survey is one of several high-profile surveys we have conducted in collaboration with PwC Cyprus over the years, in service to Cypriot businesses and the academic community”, underlined Professor Lois.
Those interested can take part in the 5G Survey by visiting the PwC Cyprus website at the following link.