New report provides economic assessment on benefits of the wireless telecommunications industry
The Canadian Wireless Telecommunication Association (CWTA) released a report, June 4, 2012, by UK-based Ovum Consulting who examined the economic impact of Canada's wireless sector, more specifically, the gross of domestic product (GDP), investment and employment.
Through this data, Ovum determined the wireless communications services industry directly contributed $18 billion to Canada’s GDP and provided an additional $15.66 billion of economic flow to contributing suppliers in the supply chain.
Through this data, Ovum determined the wireless communications services industry directly contributed $18 billion to Canada’s GDP and provided an additional $15.66 billion of economic flow to contributing suppliers in the supply chain.
The report also stated:
- The sector generated a consumer surplus of $9.31 billion.
- In 2010, the industry deployed $2.5 billion in capital expenditures, which represented more than 14% of aggregate Canadian mobile operators’ revenues. This level of capital intensity was greater than the average for North America, which was 13.3% in 2010.
- Wireless industry supported more than 260,000 jobs in 2010.
- Wireless sector offers high value employment, with an average salary level of more than $64,000, compared to the Canadian average salary of just over $44,000.
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