Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) is gearing up for the next wave of wireless internet. Yesterday, Samsung announced that they developed a core component for their 5G network. They essentially solved a problem that has stumped the wireless industry. They used the 28GHz waveband, and they achieved download and upload speeds gigabytes per second. Currently, the 4G LTE has about 75 megabits per second which makes a big difference.

Samsung

Ideally, 5G would allow users to download a full high definition movie within seconds. This has Samsung’s executives considering a lot of rich applications. The South Korean tech giant used 64 antennae elements to create the high-speed transfer.

Samsung hopes to have this technology available by 2020. This deadline matches reported deadlines from the European Commission and China. For years, Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) regularly developed wireless transmission technologies. Interestingly, the company has been able to patent some of their wireless advances. Some of their other wireless advances were used against Apple Inc. (NASDAQ:AAPL) during recent courtroom litigation.

Their wireless patents are usually standard essentials, and this means that the company must grant the appropriate licenses in a manner that is reasonable and non-discriminatory.

It’s important to point out that Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) isn’t the only tech company that’s making advances in wireless technology. Earlier this year, NTT DoCoMo made an announcement that that they had successfully completed tests for 10Gbps wireless in Japan with a 11GHz band last year.

Faster speeds and higher data transmission rates are important to wireless carriers and mobile phone makers. Every phone maker company wants to make the fastest phone, and every mobile carrier wants to offer the speediest service. Prior to the iPhone’s added 4G, higher speed transmissions were the key selling point for Android devices. Although most customers who make the switch to 4G like it, a recent survey indicates that more than half of customers don’t think they need 4G LTE.