A new report by the telecom solutions provider says closer cooperation a must for realizing the true benefits of the 5G network
Telecom solutions provider Ericsson, which has been chosen by Reliance Jio and others, believes that 5G optimization would require close cooperation between governments and the industry. A report titled “Future Value of Mobile in Emerging Markets,” released by the company analyzed the impact of multiple 5G deployment options in 15 emerging markets.
The report, for which research was conducted by Analysys Mason, studies means to enhance mobile broadband and fixed wireless access across these geographies. It found that with policy and regulatory support, all 15 countries could witness GDP growth through 2035 with an estimated 3-to-7-fold cost-to-benefit ratio, Ericsson says in a press statement.
Additionally, the company’s latest Mobility Report also found that 5G was the fastest-scaling mobile connectivity generation and that when fully realized, its potential impact could rely on layered and inter-sector collaboration.
Cooperation and collaboration is the key
A report published by SDXCentral quotes Gabriel Solomon, Ericsson’s head of government and policy advocacy, as saying that the new era of cooperation and collaboration between the government and industry would be required to achieve the full potential of limitless connectivity through the 5G regime.
While the government policies in some countries are already set up to deliver these outcomes, in others they are still in the process of fixing it. Both the government and industry could provide policy guidelines to propel industry through clear policies that incentivize investments on the 5G platforms, enable scalable and sustainable innovation and to generate unique solutions.
The official held the view that there could be a set of quick-win considerations that policy makers could delve into that fosters industry incentives such as maximizing spectrum availability and releasing airwaves into the market with investment-friendly regulations. In addition, they also need to remove hurdles that delay or add to deployment costs.
Broaden 5G availability for GDP benefits
Countries could also provide for investments in the infrastructure development required to make 5G services on a wider scale as a one-time option through offering temporary tax credits for investments such as digital and green technology. In fact, these steps have been advocated by the International Monetary Fund to create tech solutions to mundane challenges in countries that are in the development phase.
The report identifies a possible surge in public services as an anchor for pushing 5G demand on a long-term basis. Besides adding value to the investments and its growth in the telecom sector, such a move would also provide the much-needed inter-sector collaboration that offers services atop of the open 5G platform.
A crucial aspect of the 5G development to be considered by policy planners is that while its growth through innovative services would directly result in economic growth benefits, the fact remains that private investments are at the core of creating this network. To make this happen, governments should provide incentives to the private sector.
It is only through creating an investment friendly framework for 5G deployment that these 15 governments can hope to realize the public good from services set up over these networks. For this reason, the government must create optimal policy and regulatory environments that prompt larger investments in the business, it concluded.