Vodafone UK called on the government to prioritise 5G rollout as part of its Covid-19 (coronavirus) recovery plan, as it published a new report predicting the technology could add £158 billion to the economy over the next decade.
The operator stated research for its Levelling up: How 5G can boost productivity across the UK report, which it commissioned in association with consultancy WPI Economics, showed the technology could deliver the economic boost by transforming the way the public access vital services.
Vodafone used the report to mark one year since the launch of its 5G network in the UK, and said investment in 5G could lead to the creation of new jobs and business opportunities, as well as improve the provision of public services.
It calculated the cumulative economic benefits to UK output stand at more than £38 billion in the five years to 2025, and at more than €120 billion from then to 2030.
However, to ensure 5G delivers the maximum financial impact, the operator called on the government to make digital services central to its economic recovery plan by creating the policy, procurement and an investment environment to support faster rollout of the technology.
Nick Jeffery, CEO of Vodafone UK, said 5G will play a “vital role” as the economy recovers from the Covid-19 pandemic.
“It is crucial to recognise the role that fast and reliable connectivity will play in unlocking the digital potential that exist in every nation and region across the UK,” he said.
Vodafone’s 5G services are currently available in 44 locations across the UK.