At least 10m Brits are expected to migrate to super-fast mobile broadband in ten years.
Everything Everywhere – parent operator of Orange and T-Mobile – commissioned Capital Economics to determine the financial benefits of LTE to the UK.
The firm reckons LTE will serve at least ten million Brits that can't access powerful fixed line broadband, a problem that's usually experienced in rural areas, generating the economy £75 billion in the next decade.
Additionally, LTE is set to create/secure 125,000 jobs, while startups and businesses are expected to invest $5.5 billion in private LTE-powered projects by 2015.
Mark Pragnell, report author, Capital Economics: "The introduction of 4G mobile broadband will create substantial long-term benefits for the economy and consumers, ultimately boosting UK GDP by as much as half a percentage point.
"The near-term £5.5bn private industry investment we project is substantial – and opportune for the wider economy given the recent investment slump."
Over 30 countries have adopted LTE already and the UK launch is expected to take place later this year.