Telecommunications companies are expected to invest more than $600 billion in 5G infrastructure between 2022–25. But more than keeping gamers happy with faster speeds, telcos can look to position themselves as 5G business builders by focusing on three key areas: core connectivity, premium connectivity, and platforms and solutions. As 5G technology transforms industries, telcos’ ability to maximize the opportunity will depend on transforming themselves from network providers to outcome providers with a new approach to monetization.