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Canadian Wireless Sector Generates Economic Benefit of $50.2 Billion

cwta [1]A new report released today by the Canadian Wireless Telecommunications Association [1] (CWTA) reveals the Canadian wireless sector generated an overall economic benefit of $50.2 billion in 2011, an increase of 16.7% from the $43 billion in 2010. The Benefit of the Wireless Telecommunications Industry to the Canadian Economy [2] study, conducted by Nordicity, concludes that the Canadian wireless sector’s economic benefit has increased dramatically, as Canadians’ adoption of smartphones, tablets and mobile data services and applications has also increased at a rapid pace.

“The wireless sector continues to yield significant economic benefits on both the supply-side and the demand-side,” said Nordicity Partner Stuart Jack. “The supply-side impacts include the GDP and employment attributable to economic activity within the wireless sector. The demand-side impacts include the consumer surplus generated by the competitive pricing and innovative services available to Canadians.”

Key Findings:

“With more than 90% of Canadians aged 15 and over now using a wireless device, we are connected like never before,” said Bernard Lord, CWTA President & CEO. “Not only has wireless become essential to the lives of Canadians, it has also become a critical component of our economic prosperity.”

Bernard Lord will further discuss the importance of the wireless sector to Canadian society and the Canadian economy during a keynote speech today at 4.15pm EDT at the Canadian Telecom Summit [3] taking place in Toronto.

 

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1 Comment To "Canadian Wireless Sector Generates Economic Benefit of $50.2 Billion"

#1 Comment By Tami Quiring (@VillageGamer) On Monday June 3, 2013 @ 3:30 am

.@CWTAwireless Report: Canadian Wireless Sector Generates Economic Benefit of $50.2 Billion [8]