A gigabit median at 600 meters. A year ago, most experts expected mmWave to be limited to 150-250 meters. Earlier this year, Verizon mentioned good results at 400 meters. Now, Verizon is often seeing excellent results to 600 meters and further. A gigabit is common.
The result is that far fewer new cells are required. The green dots are where Verizon already has cells. As you can see, there are few red dots for new cells. The cost is coming in so low Verizon does not expect to raise their capital spending. "Management stated that overall capital expenditures would not change substantially during the 5G rollout as internal resources are shifted from the 4G to the 5G platform."
It will be fixed only in 2018, with Verizon promising to support mobile as soon as the technology is available. Intel and Qualcomm expect 5G phones in production in 2019.
Ted Rappaport of NYU has long had an alternate "channel model" that predicted higher speeds, now confirmed.