OTTAWA, June 3, 2013 /CNW/ - A new report released today by the Canadian Wireless Telecommunications Association (CWTA) reveals the Canadian wireless sector generated an overall economic benefit of $50.2 billion in 2011, an increase of 16.7% from the $43 billion in 2010. The Benefit of the Wireless Telecommunications Industry to the Canadian Economystudy, conducted by Nordicity, concludes that the Canadian wireless sector's economic benefit has increased dramatically, as Canadians' adoption of smartphones, tablets and mobile data services and applications has also increased at a rapid pace.
"The wireless sector continues to yield significant economic benefits on both the supply-side and the demand-side," said Nordicity Partner Stuart Jack. "The supply-side impacts include the GDP and employment attributable to economic activity within the wireless sector. The demand-side impacts include the consumer surplus generated by the competitive pricing and innovative services available to Canadians."
"With more than 90% of Canadians aged 15 and over now using a wireless device, we are connected like never before," said Bernard Lord, CWTA President & CEO. "Not only has wireless become essential to the lives of Canadians, it has also become a critical component of our economic prosperity."
Bernard Lord will further discuss the importance of the wireless sector to Canadian society and the Canadian economy during a keynote speech today at 4.15pm at the Canadian Telecom Summit.
The Benefit of the Wireless Telecommunications Industry to the Canadian Economy study is available at: http://cwta.ca/facts-figures/.