Having the 5G logo on your phone doesnt necessarily mean your phone is speaking 5G. It's...complicated.
- Most US operators do not have ubiquitous 5G radio coverage, so, they do what is called 5G NSA where your traffic ultimately ends up veing processed by the 4G core infrastructure that they have. Which is already overloaded and a bit creaky.
- Some operators can do real 5G, "5G SA", where the whole flow end to end runs on 5G infrastructure, but whether this is faster than LTE or not depends on the spectrum band in use. Verizon have some high bandwidth spectrum, but it doesnt propagate as well as lower (and slower) frequencies like what Tmo has. But if you expect to get those blazing multi gig speeds, you really have to be on that high bandwidth stuff. For most people, most of the time, they wont, so they wont see much improvement over LTE.
- I assert that it is dawning on operators that consumers are not interested in paying $10 extra per month for 5G. This is a bit of a problem when those same operators spent or borrowed billions to obtain the spectrum in the first place. Did I mention that the era of cheap money is now over and those debt payments are due?
- Telcos desperately need a killer app or use case that drives 5G adoption. They havent got one. And remember, the app must be one that telcos can monetize. They still have scars from their failure to capture the value of smartphone applications in the LTE era.