Finally, the FCC or Federal Communications Commission will begin to work on making the 5G wireless technology possible.

FCC Chairman Tom Wheeler stated on Thursday that they are now forming a proposal for such improvement, as per The Verge report. But what are their specific plans?

Same as what they have done with the 4G, they will reportedly leave it out on the market. They will build a wireless spectrum and will let huge telcos like AT&T and Verizon do the rest.

Wheeler also stated that they basically want "far and faster" speed as compared to what it is currently offered. More than wanting it to be a "mobile fiber," 5G is aimed as well for faster WiFi speeds, in which the proposal would also "open up a large amount of high-speed unlicensed spectrum," so it will be available for anyone.

Aside from the aforementioned companies, Google, Samsung, and a startup called Starry have been doing 5G tests previously. However, more improvements like extensive cell tower deployment are needed.

"If the Commission approves my proposal next month, the United States will be the first country in the world to open up high-band spectrum for 5G networks and applications," as per Wheeler's prepared speech. "And that's damn important because it means US companies will be first out of the gate."

The FCC will have a meeting regarding the 5G proposal next month, and since they assume that it will likely be approved, the company's next step is to finally open the spectrum. The process called "Spectrum Frontiers proceeding" will take years but the anticipated release would on 2020.

The announcement brought mixed reactions from individuals. Some of them are hoping that the FCC would want to improve the current 46 technology first before jumping into another proposal.

"How about we get started on making actual broadband connections for 'regular' computers faster rather than data connections for my (expletive) phone?" one commented on Reddit forum.