Telecom industry’s transition to fifth-generation technology (5G) along with digitization of its infrastructure for 3D representation, document management, and colocation analysis will lead to the creation of smart cities that will revolutionize everyday lives.
With the advancement of 4G and build-out of the 5G network occurring at about the same point in time for multiple carriers—and a significant percentage of carrier capital expenditure going toward micro cell sites to help densify urban population centers at the forefront of the industry— the macro telecommunications engineering industry has been shifting to cost sharing and thereby optimizing contracts between major carriers and tower owners.