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What does this really mean in the near term, and what do we think we’ll see in a few years?

To separate the hype from the substance

I want to dive right in to the terminology for our listeners

Let me start with a couple of framing elements

We’re just getting started.

Think about that now from an enterprise business perspective

I do want to make sure we sort of simplify a little bit at least for me and for some of the listeners

At the most basic level

Jack, let me turn it over to you before we go deeper into some of these other areas.

So there’s a lot of capital that’s going to be required to realize this.

What new participants do you see emerging in the connectivity ecosystem?

We think that there’s both an offensive and defensive perspective;

from a defensive perspective they have massive customer bases and assets, ….. on the offensive side, they also have a chance to explore a plethora of new business models and develop new solutions that drive more top-line growth for their business and adjacent businesses

If we can overcome this fiber challenge, Dave, what are the new business models that we may begin to see evolving?

They’ll be able to choose to be part of the connected economy, and hopefully at price points that they can afford.

I would encourage all industries to be thinking about how they can best capitalize and take advantage of the opportunities that these higher speeds and increased access are going to enable

Consumers are without a doubt going to benefit from it

new players and technology, as well as new industries, are beginning to rewrite the rules.

5 G geopolitics

When it comes to your business and Russia, what do you think about this idea?

In the race to dominate the next generation of cellular networks, both the United States and China know there’s much more at stake than ultrafast internet.

United States believes that whoever controls 5G, the fifth generation of wireless communication, will have a global advantage for decades to come.

The fear is that China is almost there

David, tell us about what happened in Germany earlier this month.

Michael, it was a really remarkable scene at the Munich Security Conference

Mike Pence

It is my honor to join you for the 55th Annual Munich Security Conference.

Under President Donald Trump, the United States will seize every opportunity to achieve peace.

But we will approach every challenge with our eyes wide open.

We will deal with the world as it is, not as we wish it to be.

The United States has also been very clear with our security partners on the threat posed by Huawei and other Chinese telecom companies.

America is calling on all our security partners to be vigilant and to reject any enterprise that would compromise the integrity of our communications technology or our national security systems.

We must protect our critical telecom infrastructure. We cannot ensure the defense of the West if our allies grow dependent on the East.

Do not let Chinese companies and the Chinese government into your communications systems, because you will forever poison the security of your countries and perhaps your relationship with the United States.

5G overview,

This is the future and it will be powered by 5G.

·     self-driving cars,

·     smart cities,

·     fully connected homes,

·     robots.

These are the networks that will connect the internet of things,

the billions of different devices we’re now attaching to the internet to the central networks and to the cloud.

5G is the next generation of wireless service. And it may be closer than many people think.

·      It’ll be the way that our autonomous vehicles run.

·      It’ll be the way our machinery runs.

·      It’ll be the way our gas pipelines, our water systems run.

All of them connected into these networks.

Whoever dominates these fifth-generation networks will have an economic intelligence and military edge for decades to come.

Because in future conflicts, the war starts not with nuclear weapons, not with artillery. It starts with unplugging a country— their electricity. And it starts, of course, with their communication networks.

The 5G networks are getting ready to get rolled out.

It’s billions and billions of dollars of investment.

And the decisions on those investments will be made in the next 6 to 18 months.

This is the new arms race. In the old Cold War, people counted missiles. In the new era, you’re going to count who controls which networks.

it became one of the fastest growing tech companies in the world.

Well, what they’re largely offering, Michael, is a lower price.

First, there are developing countries that just don’t have very much money to go build these networks. So if the Chinese come along with incredibly good terms, that’s pretty appealing, right?

you better think twice about letting the Chinese build the core of the networks that connect the political and military leadership to the rest of the world

We don’t really want all of our messages going directly to Beijing.

Well, you know, if I strike a really good trade deal with Xi Jinping, the Chinese president, maybe we’ll just release Ms. Meng.

China and the United States are engaged in the last stages of this enormously complex set of trade talks that President Trump has escalated.

think there’s one strong argument in favor of letting Huawei compete in some of these Western countries, and maybe even compete in the United States. It’s that if they want to have their equipment and their software inside the United States, they have to show it to American authorities.