SINGAPORE (July 8): Singapore is setting aside $40 million for 5G technology and innovation, and one of the key areas in which the city state wants to test the raw technology is urban mobility. Industry players are cautiously optimistic about its potential but warn that it is still too early to tell how the high-speed, low-latency network will shape future urban mobility.

Singapore has joined the list of countries rushing to get a head start on the 5G network. South Korea, Switzerland, Bahrain and the UK have all launched some commercial 5G mobile network services. Compared with existing mobile networks, 5G networks can transmit larger volumes of data at significantly higher speeds, opening up more usage possibilities than just making phone calls.

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