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SOURCE PCIA - The Wireless Infrastructure Association
CHICAGO, Sept. 19, 2013 /PRNewswire-USNewswire/ -- PCIA – The Wireless Infrastructure Association today released a new study showing that projected private investment in wireless infrastructure over the next five years will generate as much as $1.2 trillion in economic growth and create 1.2 million new jobs. PCIA President & Chief Executive Officer Jonathan Adelstein announced the report's findings today at a regional wireless conference produced by AGL Magazine.
The report was written by Information Age Economics (IAE), led by renowned economist, Dr. Alan Pearce, IAE President & Founder. The research team also includes esteemed wireless industry veteran, J. Richard Carlson, and Dr. Michael Pagano, the Robert J. and Mary Ellen Darretta Endowed Chair in Finance at Villanova University.
Titled "Wireless Broadband Infrastructure: A Catalyst for GDP and Job Growth 2013-2017," the report evaluates the economic and job-creation impacts generated by projected wireless infrastructure investments between $34 billion to $36 billion per year over the next five years. These investments will yield several other benefits:
"As an industry, wireless infrastructure 'punches well above its weight' due to its outsized positive effects upon the economy and will be a key ingredient to economic and job growth in the United States for the foreseeable future," the report states.
Investment in wireless broadband infrastructure will also have an "impact catalyst" effect, stimulating more powerful and positive indirect network benefits of mobile broadband services. These benefits include:
"These indirect network benefits, offering improved wireless broadband access and higher data speeds, will lead to a plethora of new business formation, while existing businesses and organizations will reap sizable gains in efficiency," the report states.
The report also notes that wireless broadband, in its outsized contributions to economic growth and employment, "is akin to other disruptive enabling technologies, such as the deployment of the electric infrastructure, the national railroad and interstate highway systems, the invention of the combustion engine, the global impact of the personal computer, as well as the Internet and the World Wide Web."
During his remarks, Adelstein applauded the report's findings as indicative of the transformational power wireless broadband will have on the global economy. However, he warned that America risks falling behind its global competitors unless it continues to upgrade and expand its wireless broadband infrastructure, a task which requires the concerted effort of policy-makers at the local, state, and federal level and private enterprise.
"The simple truth is that a 2.2 percent increase in GDP and 1.2 million new jobs will not come about by magic," said Adelstein. "They will only occur if, as a nation, we recognize the fundamental importance of having a robust, ubiquitous, and affordable wireless broadband network that meets the demands of the 21st Century economy. This is as true for local zoning board members as it is for FCC Commissioners."
Adelstein added that any national effort to expand and upgrade America's wireless network should pursue PCIA's "4G Policies for a 4G World." Those policies would:
"If the right 4G policies are implemented – and PCIA will do all it can to see that they are – we will expand wireless broadband everywhere, bringing all the job creation and economic growth laid out so clearly in our report." said Adelstein.
Download the IAE report online at www.pcia.com.
About PCIA – The Wireless Infrastructure Association
PCIA – The Wireless Infrastructure Association is the trade association representing the companies that make up the wireless telecommunications infrastructure industry. Its members include the carriers, infrastructure providers and professional services firms that own and manage more than 125,000 telecommunications facilities throughout the world.
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