Billionaire Carlos Slim’s America Movil To Boost Internet Speed In Mexico

5/22/2017 Forbes

america movilAmerica Movil (NYSE: AMX), the telecom giant controlled by Mexican tycoon Carlos Slim Helú, expects to roll out a 4.5G network in parts of Mexico by the end of 2017 and gear up for 5G by 2020, Daniel Hajj, the company’s CEO, said at a news conference in Mexico City on Thursday, according to Reuters and Mexican newspaper Reforma.

“We are going to move from a 4G network to a 4.5G network and then 5G… the 4.5G network will be 7 times faster than the current 4G,” Hajj announced.

Hajj explained that 5G capability will boost speeds to 10,000 megabits per second from the current 1,000 and will speed up the time it takes for the Internet to react to less than 5 milliseconds–a fifth of the current rate.

According to The Financial Times, Hajj sketched a future world of geo-localization bracelets that would be able to summon an ambulance immediately if the wearer became ill, and hospitals with access to clinical records held digitally in the cloud.

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