Telefonica CTO Enrique Blanco's eyes lit up when I suggested he could pull far ahead with true gigabit millimeter wave 5G. Deutsche Telekom & Vodafone are going with mid-band "5G" at 3.5 GHz, with 60-80% less capacity. He carefully told me nothing of his company's plans but we had a good discussion of why Verizon is betting US$20B on millimeter wave.
Cayetano Carbajo, CTO Germany. has now announced that is exactly what they are going to do. They will offer fixed wireless to 25% of Germany, about 10 million homes, beginning in 2019. They are the first in Europe to commit to mmWave; everyone else in Europe is sticking to 5G/4G mid-band hybrids. Mid-band 5G is 4G hardware plus NR software. The capacity is similar to 4G, a gigabit + in the lab and 100-400 megabits to most customers.
Verizon is doing 25% of the U.S. and is already serving customers with close to a gigabit. See Verizon 5G: "I'm getting speeds of 900+ mbps downstream 200+ upstream."
Planned right, the cost is so low Verizon can cut capital spending. Hans Vestberg at Verizon estimates US$250-400 per home passed, half the cost of fibre. Reaching 25% can be done merely by upgrading existing cell sites, relatively cheap.