Although we have only recently begun to see 4G mobile networks being rolled out, one UK university is already looking into the development of 5G . The University of Surrey has put in plans for a £35 million (~ $55 million) '5G Innovation Center' where it hopes to develop 5G mobile technology. The university also plans to install lamppost-based stations to be used to test any future technologies on a small-scale network.
The venture is being funded jointly by mobile and infrastructure providers, as well as the UK Research Partnership Investment Fund. Surrey University's professor of mobile wireless communications, Rahim Tafozolli, believes that 5G networks could be rolled out as early as 2020. As of yet, there is no defined standard for 5G communications, but with work from this research centre, and others around the world, it is hoped that the search for 5G connectivity will soon begin.
Source: BBC News