Wireless Responsible for 9% of US GDP, 25% of US Jobs Growth

According to Wireless Investment and Economic Benefits, a report by Timothy Tardiff, Affiliate at Advanced Analytical Consulting Group,
the five major wireless providers are among the top companies making capital expenditure investment in the United States economy being
responsible for 9% of US GDP, 25% of US Jobs Growth as reported by Inside Towers.

Since 2020, the five publicly-traded mobile carriers—AT&T, Dish, Verizon, T-Mobile, and USCellular—have invested an average of $54 billion
per year, the second-highest investing industry after the tech/internet sector. Since 2011, capital expenditures of $592 billion by the biggest
five wireless providers’ are second only to the $611 billion of capital expenditures of the “Big 5” tech companies-Google, Amazon, Meta, Apple,
and Microsoft.

Growth and investment in wireless services stimulates growth in related industries, including wireless equipment and devices. Improvements
in the quality and capacity of wireless networks facilitate demand for new and improved products and services that run on these networks. Over
the 2010s-decade, economic activity facilitated by wireless providers accounted for a $500 billion increase in Gross Domestic Product (9 percent
of the total increase in U.S. GDP) and 10 million additional jobs (25 percent of the increase in U.S. employment).

The wireless industry plays a key role in America’s economic competitiveness. Wireless companies’ substantial direct investment into networks
and the U.S. economy at large allows for robust wireless service that supports the growth of every American industry, enhancing competitiveness
on the global stage. For the entire report, go to: https://www.ctia.org/news/wireless-investment-and-economic-benefits.