It most certainly did not do that, neither has 5G for that matter.
The Shannon's Law refers to https://en.wikipedia.org/wiki/Shannon%E2%80%93Hartley_theore...
to see the actual formula
the basic principle is that the Capacity C of a comm channel is proportional to the amount of spectrum you have B and the Signal to Interference and Noise ratio (SINR).
So basically, if you want more throughput, you need either more spectrum or more cell sites in order to improve the SINR, you cannot simply continue to crank up the power because then you are increasing the co-channel interference (interfering with other terminals on the wireless network). This is why Spectrum is so expensive, the alternative is to build more cell sites, which is expensive.
4G LTE did come a lot closer by using OFDMA but they most certainly did not exceed the limit. 5G using mm-wave also did not, it uses phased array antennas to implement beam forming which created space separation, that is, each user gets their own beam and do not have to share it with others, but within that beam, they still are confined to the law C ~ B * SINR
The operators did add a ton of spectrum through various auctions and that plus the new tech is what is driving the tputs up.