Wireless Industry Making Major Contribution to U.S. Economy: Report
The five biggest wireless carriers, -- AT&T, Dish Wireless, Verizon, T-Mobile and UScellular -- invested an average of $54 billion per year from 2020 to 2022, making wireless the second-highest investing industry after the tech/internet sector, according to a Tuesday…
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report by Advanced Analytical Consulting Group. CTIA paid for the report. “This investment has provided infrastructure that has facilitated economic activity and investment throughout the US economy, including from other companies with sizable capital expenditures,” the report said: “Wireless companies’ substantial direct investment into networks and the U.S. economy at large allows for robust wireless service that supports the growth of every American industry, enhancing their competitiveness on the global stage.” CTIA President Meredith Baker said the report “underscores the need for Congress to provide a clear path to additional licensed spectrum to support one of the two biggest contributors to our economy.”