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Monday, April 30, 2012

Everything Everywhere commissions research into the value of 4G for the UK

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.

Mark Pragnell, who wrote the report at 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.”

Everything Everywhere has launched a new website at www.4GBritain.org to support its push for 4G services in the UK.

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Author: The Fonecast
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