Samsung president says 5G wireless is coming and it's going to be incredible

Mobile phone companies are working on their next generation of wireless networks that promise to be blindingly fast, known as 5G.

Early tests of 5G networks have hit 10 Gbps speeds. In comparison, the average speed of today's fastest mobile network is 12.3 Mbps, so 8-10 times faster.

At the Rutberg Future:Mobile 2016 conference in Half Moon Bay, California, Gregory Lee, ‎president and CEO of Samsung North America, described how amazing it will be when 5G gets here.

He said the network will be so fast that it will allow you to do things like:

• download a movie in three seconds
• have every device in your home connected (including things like your fridge and other appliances)
• allow doctors to guide each other through a remote surgery procedure
• Let a Jazz band play together remotely, creating real music in real time

Lee says that 5G should work with most existing tech, including 3g/4G and WiFi, so you won't need to upgrade every device in your house. But, he warns, you'll certainly need to buy a new phone.