Friday, 27 April 2018

O2: 5G could bring $6bn of savings per year for UK govt

By Chris Kelly, Total Telecom
Friday 16 March 18

The UK's second largest mobile network operator, O2, has told the UK government to invest in upgrading its mobile network infrastructure, or risk missing out on £6 billion of savings per year, as 5G is rolled out across the country

In a recently published report, O2 claimed that 5G could bring £6 billion of savings per year to local and national government bodies, while simultaneously transforming the UK's digital economy. Speaking at the launch of the report in London earlier this week…

In a recently published report, O2 claimed that 5G could bring £6 billion of savings per year to local and national government bodies, while simultaneously transforming the UK's digital economy.

Speaking at the launch of the report in London earlier this week, O2 CEO, Mark Evans said: “Of all the ingredients that keep our economy and society moving, arguably top of the list is mobile. Our report demonstrates how 5G technology, when it arrives, will provide unprecedented benefits for consumers, councils and cities alike. The enhanced connectivity on offer will make a real difference to people’s lives and pockets. However, none of these benefits are assured. We need a high level of collaboration to press ahead with the rollout and to hardwire 5G into the fabric of our cities.”

The UK government has repeatedly spoken about the importance of cultivating its digital economy, and has made funds available for a number of high profile initiatives recently (including 5G test beds and the acceleration of FTTH initiatives).

Margot James, minister for Digital and the Creative Industries, joined Evans at the launch of the report and said that the government was committed to relalising the benefits of 5G as quickly as possible.
"We want the UK to be a world leader in 5G, and this report highlights the huge potential we have to get ahead and reap the benefits of this exciting new technology. 

"We're already investing £25 million in new testbeds across the UK that will pave the way for our 5G future and our work with industry will be vital to help us achieve our ambitions."

Margot James will be delivering the key note address at this year's Connected Britain event. Don't miss your chance to be involved in the discussion. Click here for a full agenda. 

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry