If you thought that you dream of getting 4G was getting close, well those bandwidth goal posts just moved, a lot. While the Mobile World Congress festivities are still bubbling along, the European Commission have just announced research grants for 5G mobile technology.

The news comes from the European Commission VP Neelie Kroes, who said that they're pumping approximately $65.4 million into research grants for 5G mobile technology, where they hope to have it online by 2020. Kroes said "I want 5G to be pioneered by European industry, based on European research and creating jobs in Europe - and we will put our money where our mouth is."