Verizon Communications chief executive officers Ivan Seidenberg and T-Mobile USA Robert Dotson said that cellular phones will be the key driving forces in order to jump start the US economy in its recent state as wireless industry remains lucrative amid economic slump.
In his speech during the opening day of the international trade show, Seidenberg said that the market available for wireless communications remains thriving despite the economic crisis in the US, adding that technological innovations in the communications industry has consistently flourish even during hard times.
Both Seidenberg and Dotson, however, warned that the government moves to “over regulate” and reluctant investing to the technology can suppress the potential help in the recovery of the economy.
The two executives said that the wireless technology has been one of the pillars in the country’s economic advancements in the last quarter of a century. Seidenberg said that he does not want to “belittle” the challenges in the economy but he stressed that if the government wants to recover fast, then cell phones and other wireless devices is the way to go.
Dotson, on the other hand, said that a lesson can be learned from these communications companies. He echoed Seidenberg’s statement, adding that investors should do more in terms of investing in wireless rather than pulling back their shares much like to other businesses in the US.
Both officials admitted that the growth of the wireless market can be attributed to the new structures built in the last three years and other major investments that will cater and give jobs to the people.
Company records showed that billions of dollars has been allocated in building structures such as “fiber-to-home” broadband service or also known as Fios. Not only did it provide better wireless network service, but also boosts the company’s revenue.
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