Deloitte: U.S. may invest $53 billion in 4G networks over next five years

Wireless telcos in the United States are poised to invest as much as $53 billion in 4G wireless network technology and buildouts over the next five years, resulting in as much as $151 billion in gross domestic product growth. A new report from accounting and consulting firm Deloitte suggests that that 4G expansion by U.S. wireless companies could also create as many as 771,000 new jobs between 2012 and 2016. Deloitte sees $25 million as the minimum 4G investment from telecommunications companies over the next five years, resulting from a scenario where companies deploy 4G networks at a moderate pace and transition slowly from 3G to 4G.�If Verizon Wireless’ current pace is any indication, this will likely not be the

Source: http://www.bgr.com/2011/08/23/deloitte-u-s-may-invest-53-billion-in-4g-networks-over-next-five-years/

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