Just searched 5G in Australia. Before then, I was barely aware of the term . I guess the ifo below should be similar to your country (?)
BY 2020, Australians will have access to an internet service 100 times faster than the current 4G network and also faster than our pre-existing broadband.
The proposed “5G” wireless network service is expected be to so efficient it will be theoretically possible to download a high-definition movie almost instantaneously.
Despite rollouts expected to begin in high-density, urban hotpots by 2018, global standards for the metrics that will define the 5G network are yet to be determined.
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Regardless of the specifics, the 5G network will offer faster speeds and lower latency — a shorter time interval between sending and receiving data – than its predecessor.
The introduction of the fight generation network is predicted to offer speeds as high as 10 gigabits per second, which is 100 times faster than the current 4G network.
This speed will offer a whole new plethora of opportunities in regards to online streaming and the “internet of things”.
While the current 4G offering of 15 megabits per second is fast enough to stream songs, stream video or browse the internet, the introduction of 5G will present the ability to download ultra-high definition movies or television seasons in mere seconds.
With Intel predicting there will be more than 50 billion connected devices and systems worldwide by the time 5G is available, devices such as wearables, household gadgets and sensors embedded in industrial products will greatly benefit from the faster speeds and lower latency.
While each of these connected devices might not use much data individually, combined they become sapping on the current bandwidth.
As such, the introduction of the cellular network will shift from a personal communications platform to a computing platform offering universal connectivity.
Download a season of Game of Thrones in seconds? Yes please.
Download a season of Game of Thrones in seconds? Yes please.Source:Supplied
WHAT WILL IT MEAN FOR OUR DATA PLANS?
The telcos are yet to comment, however a 5G cost analysis published by the University of Bridgeport claims phone contracts will have to be amended for the faster speeds.
The report said in order for customers enjoy the features of 5G technology for a price similiar to what they already pay, “the rate per bit will need to be reduced”.
This means telcos will have to reduce the bit rate to (1/100) of the current level in order to receive x100 of data capacity for the same cost customers pay today.
Although, not everyone agrees.
Independant telecommunications analyst Paul Budde said he didn’t expect much to change.
“I don’t think it will have an effect at all,” he told news.com.au.
“The move from 3G to 4G didn’t make a huge difference.”
Mr Budde said for the ordinary consumer, the move to 5G won’t result in a dramatic change in their mobile packages but customers could likely expect an increase in the amount of data allowance – a trend that is already underway.
Improvements in the technological infrastructure such as a move to 5G are “more to do with increasing the efficiency and capacity” of the telco’s network to “allow them to take advantage of greater opportunities in the internet of things,” he said.
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) in order to figure out what that specific thing could possibly be, but I had to give up at "Anything you can think of, they can do with 5G." 
