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Yes and in some uses cases it works against you. 2.4 is incredibly crowded without adding 802.11 to the mix. My IoT admins would have less complaints if they could take advantage of my small cell 5Ghz spectrum. This isn't 2005 with widely deployed asymmetrical wireless networks.
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Can't you just underpower the antenna on a 2.4 radio if you need networks that don't bleed into each other as badly? Unless it's an issue because of the tiny antennas that usually come on microcontrollers.
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