The technology is expected to be 100 times faster than our current 4G LTE wireless technology and 10 times speedier than what Google Fiber offers through a physical connection to the home.
The companies who've vowed to reach a standard for 5G for that timeframe included a mix of wireless carriers, chip providers and handset makers -- such as Qualcomm, Intel, AT&T, Sprint and T-Mobile parent company Deutsche Telekom.