One of the exciting developments in 5G is how mobile operators, supplies, service developers, and other actors are joining complementary assets to focus on different market niches. There is no one best 5G network strategy. Operators find different ways to combine spectrum, technologies, and value propositions. Such technological competition is vital to move the industry forward and ensure that Americans will enjoy cutting-edge innovation. Nevertheless, there are technological and financial risks facing networks innovators and investors. This uncertainty underscores the importance of a light regulatory hand that does not extinguish experimentation. To discuss the challenges of mobile network economics, I caught up with John Baker, Senior Vice President of Mavenir, a company helping telecom operators take a software-focused approach to innovation without legacy hardware.