A new GSMA report shows Asia Pacific mobile operators are to invest over $400 billion on their networks between 2020 and 2025, of which $331 billion will be spent on 5G deployments.
According to the latest Asia Pacific edition of the GSMA’s Mobile Economy series, the region is one of the fastest-growing in the world and home to over half of the total global subscribers. In 2019 mobile technologies and services in Asia Pacific generated $1.6 trillion of economic value, or 5.3 percent of GDP, with countries benefiting from productivity and efficiency improvements due to the increased adoption of mobile services. The mobile ecosystem directly and indirectly supported 18 million jobs and made a significant contribution public sector funding, with $180 billion raised through general taxation.
“Operators in the region are investing billions in continuing deployment of 5G networks that are enabling an exciting variety of new services for consumers,” explains Julian Gorman, head of APAC, GSMA. “This is also helping transform industry and manufacturing, and driving economic growth – which is of critical importance at this time.”
“Mobile connectivity provides a positive impact on productivity and boosts GDP, and across the region, there is a need for a ‘whole of government’ approach with clear digital strategies to transform economies,” adds Gorman. “As 5G becomes a reality, we call on governments and regulators to actively support a favourable business environment to encourage investment and allow operators to extend next-generation digital services to all Asia’s citizens and speed financial recovery.”
The announcement has more details on key report findings related to 5G investment, regional growth, socio-economic development, and the mobile industry response to the COVID-19 challenge.
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