With reference to 5G technology, consider the following statements.

1. Operate in the millimeter wave spectrum (30-300 GHz) which has the advantage of sending large amounts of data at very high speeds.

2. Operate in 3 bands, namely low, mid and high-frequency spectrum.

3. Reduced latency will support new applications that leverage the power of 5G, the Internet of Things (IoT), and artificial intelligence.

4. Increased capacity on 5G networks can minimize the impact of load spikes, like those that take place during sporting events and news events.

Which of the statements given above is/are correct?