Source: Business Insider
Many Americans have only a single option for internet service providers ( ISPs ) that effectively hold a monopoly over an area. ISPs that control an area often have no incentive to lower their prices, or even improve their services and products. As an example, my ISP charges me $80 per month while another ISP might charge $40 per month for the exact same service. Netgear CEO Patrick Lo told Business Insider that 5G wireless networks would change that, and would allow new ISPs and operators to enter areas that have been monopolized by single companies for years. 5G home internet will bring much-needed competition and variety to Americans who have been stuck with whatever ISP they’ve been forced to use exclusively. Visit Business Insider’s homepage for more stories . There’s only one internet service provider (ISP) in my area, and if I want internet, $80 per month is the price I pay for 200 megabits per second (Mbps). I was actually quite happy with my service until I discovered that another ISP offered 940 Mbps internet speeds for the same price — $80.