UK Economy Could Get $122 Billion Boost from LTE Services
Published on: 30th Apr 2012
Note -- this news article is more than a year old.
The UK's economy could be boosted by 0.5 percent equivalent to £75bn (USD122 billion) today by the end of the decade if LTE based mobile services are deployed.
The claim comes from Everything Everywhere, which is currently lobbying the regulator to allow it to refarm its 1800Mhz spectrum for LTE services in advance of the main spectrum auction.
The research, carried out by Capital Economics also said that LTE deployments would unlock £5.5 billion of direct private investment into the UK economy by 2015 (in addition to revenue from government spectrum auctions)
It will also provide access to mobile superfast broadband to at least 10 million people who won't be able to get fixed line superfast broadband by end of the decade
The report's author, Mark Pragnell of Capital Economics said: "The introduction of 4G mobile broadband will create substantial long-term benefits for the economy and consumers, ultimately boosting UK GDP by as much as half a percentage point. The near-term £5.5bn private industry investment we project is substantial - and opportune for the wider economy given the recent investment slump."
Olaf Swantee, CEO of Everything Everywhere, said: "This research highlights the significant economic and social benefits that 4G will bring to the UK - already enjoyed in over 30 countries around the world."
"The UK has the highest levels of smartphone penetration and mobile commerce in Europe, and Britons deserve to have the best infrastructure in place to support this growth."