The U.S. wireless industry, fueled by licensed spectrum, contributes $825 billion to the U.S. economy each year, says new report

WASHINGTON, Dec. 7, 2022 /PRNewswire/ — According to a new report from Compass Lexecon, commissioned by CTIA. The analysis also reveals that over the past decade, the wireless industry has contributed nearly $5.4 trillion to the GDP of the US economy.

Related Documents “This report confirms that the wireless industry is a major driver of the US economy,” said Aren Megerdichian, Ph.D., executive vice president of Compass Lexecon. “The substantial investments made by wireless service providers, both in acquiring spectrum licenses and in their network infrastructure, have translated into significant benefits for the US economy.”

“This report confirms that the wireless industry is a major driver of the US economy,” said Aren Megerdichian, Ph.D., executive vice president of Compass Lexecon. “The substantial investments made by wireless service providers, both in acquiring spectrum licenses and in their network infrastructure, have translated into significant benefits for the US economy.”

The study notes that over the past decade, wireless service providers have invested more than $265 billion in infrastructure deployment to grow their networks, and wireless service spectrum auctions have yielded $155 billion in auction revenue for the US government.

“For the wireless industry to continue to provide these significant and widespread positive effects to the US economy, it is necessary to provide mobile network operators with access to dedicated and licensed spectrum,” continued Megerdichian. “As operators continue to work to meet growing demand for mobile broadband, additional licensed spectrum auctions will be essential.”

“The wireless industry is the engine of the American economy, and this report highlights its massive contributions to our GDP and to supporting American jobs,” said Meredith Attwell Baker, President and CEO of the CTIA. ÔÇťOther countries recognize the value of licensed spectrum and plan to make significant amounts of it available for 5G. Instead of experimenting with unproven solutions, the United States needs a pipeline of licensed spectrum for exclusive use to continue fueling the U.S. economy.”

These figures include the direct effects of the core wireless industry on the economy, as well as the effects of the wireless supply chain and market segments, such as smartphone app developers and mobile games. , which rely heavily on mobile broadband and wireless services. Since it does not take into account other sectors that depend on wireless services, the total economic contributions of wireless-related industries could be significantly higher.

SOURCECTIA

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