Industry Voices—Mun: LTE use in unlicensed bands is the mobile industry’s fracking moment
According to the Brookings Institution, fracking technology has caused natural gas prices to drop 47% compared to what the price would have been prior to the fracking revolution in 2013. While the overall net impact of fracking in consideration of environmental impact is probably too early to call, the immediate economic gain is clear. The lower cost of extracting natural gas through fracking has yielded immediate benefits for consumers and industry alike. Just as the energy industry was able to revitalize abandoned underground shale fields with the new fracking technology, the mobile industry is going through a similar transformation with unlicensed and shared spectrum technologies such as LAA, LWA and MulteFire.