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Better UK mobile networks could create 49,000 new businesses and add £6.6B yearly by 2036, VodafoneThree says.
Improved mobile connectivity in the UK could create 49,000 new businesses and add £6.6 billion annually to the economy by 2036, according to research commissioned by VodafoneThree.
Poor mobile signals are a major barrier to entrepreneurship, with 62% of aspiring founders saying unreliable coverage has stopped them from starting a business.
The study highlights that better networks would boost business creation nationwide, including over 14,000 new firms in London alone.
VodafoneThree reports progress in eliminating coverage gaps and is investing £11 billion to expand 5G coverage, aiming for near-universal access by 2034.
Reliable mobile networks are increasingly vital for daily operations, from payments to marketing, and experts stress that continued infrastructure investment is key to economic growth.
Mejores redes móviles en el Reino Unido podrían crear 49.000 nuevos negocios y agregar 6.600 millones de libras esterlinas anuales para 2036, según VodafoneThree.