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November 16, 2017

Business Leaders Know that America’s 5G Wireless Leadership Matters .

Business Leaders Know that America’s 5G Wireless Leadership Matters

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Kelly Cole
Senior Vice President, Government Affairs

Today, the House Energy & Commerce Communications & Technology subcommittee held a hearing on 5G, the next-generation of wireless networks. Congress is right to explore how to foster this innovative new technology – and to focus now on the needs of tomorrow’s wireless networks.

America leads the world in wireless today, but countries like China, Germany, and Japan are challenging our wireless leadership in the race to deploy 5G.

The U.S. wireless industry knows that leading the world in 5G matters – and according to results from a recent CTIA-commissioned survey, so do key business leaders across our economy.

The survey found that nearly 7 out of 10 industry executives, from healthcare and energy to transportation and manufacturing, think the U.S. needs to be a global leader in 5G for their business to remain competitive.

Next-generation 5G networks will be up to 100 times faster, support 100 times more devices, and respond 5 times more quickly, providing a level of wireless connectivity that will unleash the full spirit of American entrepreneurship and innovation.

Don’t just take my word on the benefits of 5G – let’s hear from these industry leaders.

  • When it comes to routine care, 84 percent of executives in the healthcare industry believe that 5G will help generate better patient outcomes.
  • Three out of four energy leaders believe that wireless-powered smart grids will reduce energy consumption and help consumers and businesses save money.
  • In transportation, 79 percent of executives in the industry believe that 5G will improve roadway safety, reduce traffic accidents, and save lives.
  • As U.S. manufacturing makes a comeback, 73 percent of that sector’s leaders believe wireless technologies like 5G will make their business more competitive.

These executives know America’s 5G wireless leadership is crucial to their success, and that’s why the survey results come at a critical time.

The Federal Communications Commission also voted today to make available additional high-band spectrum for wireless use as well as to take its first steps in modernizing wireless infrastructure regulations.

And in today’s hearing, members of Congress – building off of the newly formed 5G Caucus’s inaugural meeting last month – discussed how 5G will create jobs, transform industries, and grow our economy.

To unlock those 5G benefits, policymakers must focus on three key issues.

First, building a spectrum pipeline to meet consumer demand for mobile data and the growing needs of 5G wireless networks. The process of bringing spectrum to market takes years – so we need to act now.

Second, creating modern rules for modern wireless networks. Too many infrastructure regulations at the federal, state, and local levels are designed for 200-foot tall cell towers – not the small cells, often the size of pizza boxes, that will power 5G.

Third, reforming and simplifying our corporate tax code. Accenture projects that the wireless industry is ready to invest $275 billion to deploy 5G so let’s incentivize and speed up that capital investment, which will create over 3 million American jobs and add $500 billion to our GDP.

America’s economy runs on wireless. Continuing our country’s wireless leadership in 5G will help keep U.S. businesses competitive in the 21st century global economy.

Kelly Cole is the SVP for Government Affairs for CTIA, the trade association that represents the U.S. wireless communications industry and companies throughout the mobile ecosystem.

 

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