Traditional LTE Radio Access Networks (RANs) are expensive because of their high usage of expensive physical components. The use of a virtualized RAN (vRAN), orchestration, and automation in 5G dramatically decreases deployment and support costs while increasing network capacity. Open RAN (O-RAN) also allows greater flexibility in procurement decisions as equipment can be sourced from multiple vendors rather than just 1.
These factors along with vRAN and Open RAN overall benefits incentivizes network providers to quickly deploy 5G.
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