WASHINGTON, Sept. 28, 2012 /PRNewswire-USNewswire/ -- The following statement is to be attributed to CTIA-The Wireless Association® President and CEO Steve Largent:
"Today's action by the Chairman and Commissioners was an important step toward alleviating the looming spectrum crisis that we've been warning policymakers about for the last three years.
"Since spectrum is a finite resource, we're pleased the Commission has begun the process of establishing the rules that will fulfill the goals of the recently adopted, bipartisan spectrum legislation. We also commend the Commission for working to ensure that it not only establishes rules that result in a successful auction, but also completes its efforts in a timely manner. In order to maintain our global leadership in the mobile ecosystem, we must ensure that this spectrum is brought to market more quickly than the almost ten years it took to bring the last two spectrum blocks to market.
"While spectrum fuels the wireless industry's 'virtuous cycle' of innovation and competition, its impact on the nation's economy is also significant. Analysts estimate that bringing 500 MHz of spectrum to market will increase U.S. GDP by $166 billion, add at least 350,000 new U.S. jobs, generate an additional $23.4 billion in government revenues and result in a $13.1 billion increase in wireless applications and content sales.
"CTIA thanks the Chairman and Commissioners for initiating this historic process."
CTIA-The Wireless Association® (www.ctia.org) is an international organization representing the wireless communications industry. Membership in the association includes wireless carriers and their suppliers, as well as providers and manufacturers of wireless data services and products. CTIA advocates on behalf of its members at all levels of government. The association also coordinates the industry's voluntary best practices and initiatives, and sponsors the industry's leading wireless tradeshows. CTIA was founded in 1984 and is based in Washington, D.C.
SOURCE CTIA-The Wireless Association