CTS 13: Canadian wireless biz produces $50 billion of economic benefit

OTTAWA – Thanks to the undeniable and dramatic growth in mobile data consumption as Canadians increasingly buy and use smartphones and tablets, the Canadian wireless sector generated an overall economic benefit of $50.2 billion in 2011, an increase of 16.7% over 2010, says a new report to be released today by the Canadian Wireless Telecommunications Association. The report comes to that figure when direct and multiplier effects associated with the industry’s GDP ($38.7 billion) are combined with the consumer surplus generated by wireless voice and data services ($11.5 billion). CWTA president and CEO Bernard Lord will release the new report,...