Tuesday, April 12, 2016

Wireless World Dwarfs Cars, Hotels, More Than $282 Billion in U.S. GDP in 2014

In just about four years, the American-created wireless world has joined the ranks of the U.S. automobile industry, the motion picture industry, computer and chip industry – and in some cases – several of these industries rolled up together – as a leading force in the U.S. economy. According to a report released yesterday by CTIA, America’s wireless industry “serves as an integral driver of America’s economy by annually generating more than $194.8 billion of domestic economic value and more than $282.1 billion in U.S. GDP.”  The report, an update by Recon Analytics that the same group performed in 2012 and now called “The Wireless Industry: Revisiting Spectrum, The Essential Engine of U.S. Economic Growth,” looks at how the industry grew between 2011 and 2014, and how licensed spectrum is the foundation to leading the world with the best products and services. Continue Reading

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