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Verizon planning 5G trials starting in 2016

Did you just upgrade your cell phone to take advantage of fast "4G" network speeds?

You're going to need a new phone.

Verizon said on Monday it would start field trials next year of 5G technology, offering a 50-fold increase in data capability over current networks.

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While 5G networks were expected to launch in the United States after 2020 (10 years following the commercial launch of 4G networks), Verizon said it wanted to speed up adoption of the technology.

The company is setting up testing environments in Massachusetts and San Francisco to begin experimenting with higher-speed networks.

It is working with vendors including Alcatel-Lucent and Ericsson on developing 5G, which is a shorthand reference to the fifth generation of mobile networking technology.

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