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You're thinking about the radio. I'm talking about 5g iot devices handing off data to other 5g devices to relay.

5G will have greater capacity at the same range, PLUS the high capacity, short range slice of frequencies (5G NR). It does not live aside from 4G, it enhances it within the same frequencies and adds some extra ones as well.

5G have as good if not better range than 4G. 5G MMwave have very small range but sub6 5G have great range depending on which frequencies its deployed on.

having done IoT over 2G, 3G now LTE.... have a look at https://www.iotforall.com/cellular-iot-explained-nb-iot-vs-l... for an "explanation" IoT on the newer networks :)