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Telecom solutions provider Ericsson, which has been chosen by Reliance Jio and others, believes optimizing 5G would require close collaboration between governments and industry. The report, titled “The Future Value of Mobile in Emerging Markets,” published by the company, analyzed the impact of multiple 5G deployment options in 15 emerging markets.
The report, for which research was conducted by Analysis Mason, studies the improvement of mobile broadband and fixed wireless access across these geographies. It found that with policy and regulatory support, all 15 countries could witness GDP growth by 2035 with an estimated cost-benefit ratio of 3 to 7 times, Ericsson said in a press statement.
In addition, the company’s latest mobility report also revealed that 5G is the fastest-growing generation of mobile connectivity and that when fully realized, its potential impact may rely on layered and cross-sector collaboration.
Collaboration and cooperation are the key
A published report SDKSCentral quotes Gabriel Solomon, Ericsson’s head of government and policy advocacy, as saying that a new era of collaboration and cooperation between government and industry will be needed to realize the full potential of unlimited connectivity through the 5G regime.
While government policies in some countries are already in place to deliver these results, in others they are still in the process of being tweaked. Both government and industry could provide policy guidance to drive the industry through clear policies that encourage investment in 5G platforms, enable scalable and sustainable innovation, and generate unique solutions.
The official opined that policymakers could engage in a series of quick-win considerations that boost industry incentives such as maximizing spectrum availability and bringing airwaves to market with investment-friendly regulations. In addition, they must also remove obstacles that delay or increase deployment costs.
Expand 5G availability for GDP benefits
Countries could also secure the investment in infrastructure development necessary to roll out 5G services as a one-off option by offering temporary tax credits for investments such as digital and green technology. In fact, these steps were advocated by the International Monetary Fund to create technological solutions to worldly challenges in developing countries.
The report identifies the possible rise of public services as an anchor to push demand for 5G on a long-term basis. In addition to adding value to investments and its growth in the telecom sector, such a move would also ensure much-needed cross-sector collaboration that offers services on top of an open 5G platform.
A key aspect of 5G development to be considered by policy planners is that, while its growth through innovative services would directly result in economic growth benefits, the fact remains that private investment is at the core of creating this network. For this to happen, governments should provide incentives to the private sector.
Only by creating an investment-friendly framework for 5G deployment can these 15 governments hope to realize public good from the services deployed over these networks. For this reason, the government must create an optimal policy and regulatory environment that encourages greater investment in business, the statement concluded.
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