WIRELESSINVESTMENTANDECONOMICBENEFITSTimothyJ.TardiffAffiliate,AdvancedAnalyticalConsultingGroupandLecturer,NortheasternUniversityApril2024WIRELESSINVESTMENTANDECONOMICBENEFITS0ExecutiveSummaryThemajorwirelessprovidersareamongthetopcompaniesasmeasuredbyinvestment(totalcapitalexpenditures)intheUnitedStateseconomy.From2020,thefivepublicly-tradedmobilecarriers—AT&T,Dish,Verizon,T-Mobile,andUScellular—haveinvestedanaverageof$54billionperyear,makingthemthesecond-highestinvestingindustryaftertheTech/internetsector.Since2011,thebiggestfivewirelessproviders’capitalexpendituresof$591billionarecomparabletothecapitalexpendituresofthe“Big5”techcompanies($611billion).ThisinvestmenthasprovidedinfrastructurethathasfacilitatedeconomicactivityandinvestmentthroughouttheUSeconomy,includingfromothercompanieswithsizablecapitalexpenditures.Wirelessinvestmentshaveproducedsubstantialeconomicbenefitsinrecentyears.Growthinwirelessservicesstimulatesgrowthinrelatedindustries,includingthosethatsupplyinputsforwirelessinfrastructureandcreatecomplementaryproducts,suchaswirelessdevices.Similarly,improvementsinthequalityandcapacityofwirelessnetworksfacilitatedemandfornewand/orimprovedproductsandservicesthatrunonthesenetworks,suchasinternetsearchandsocialnetworking.Overthe2010s-decade,economicactivityfacilitatedbywirelessprovidersaccounte...
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