A country that adopts mobile broadband will experience rapid economic development, a report by Ericsson Research in collaboration with Imperial College of London, has shown. According to the report, as mobile broadband penetration increases by 10 per cent, it causes a 0.6 per cent to 2.8 per cent rise in the Gross Domestic Product. The report entitled, ‘How Important Are Mobile Broadband Networks for Global Economic Development?’ stated that the growth was equivalent to approximately $500bn to $2,000bn worldwide in 2016. The study, which examined 135 countries, concluded that the introduction of mobile broadband had an immediate positive effect on a country’s economy, and a longer-term knock-on effect as mobile broadband gradually spread to different economies.
THE PUNCH PG. 28 (TUESDAY, OCTOBER 10, 2017)