Research carried out by Capital Economics and commissioned by Everything Everywhere shows that the faster download speeds delivered by 4G LTE mobile broadband could add 0.5% to the UK’s Gross Domestic Product (GDP) by the end of the decade - the equivalent of £75 billion.
In addition, 4G in the UK could also create or safeguard 125,000 UK jobs and is expected to drive £5.5 billion of private investment into the UK economy by 2015.
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This week's podcast starts with Nokia's billion-pound loss, although there's plenty of good news as well. We discuss it all - from UK ad-funded network Ovivo Mobile to Barclaycard's new spin on mobile payments.
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UK Broadband has announced that Swindon will be the UK’s first local authority to benefit from 4G LTE technology across the borough.
The first commercial 4G broadband service in the UK was launched by UK Broadband a few weeks ago.
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Mark Bridge writes:
We’ve had a few sets of quarterly results in the past week. Let me summarise as best I can.
Qualcomm: doing very well, thank you.
Microsoft: pretty decent, although no-one’s talking much about phones.
Intel: not as good as before, although better than expected.
Nokia: sorry, we’ve lost a billion Euro. Well, we did warn you...
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87 million 4G-equipped mobile devices are expected to ship worldwide this year, according to figures from ABI Research. That’s a 294% increase from last year’s total of 4G smartphones, USB dongles, tablets, portable WiFi hotspots and wireless broadband modems.
Most are expected to be LTE devices, with WiMAX now seeing less support.
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