5G wireless could add USD 40bn to Canadian economy by 2026

New 5G wireless networks will contribute as much as USD 40 billion annually to Canada´s economy by 2026, according to a new report from Accenture (NYSE:ACN), the company said.

Commissioned by the Canadian Wireless Telecommunications Association and developed by Accenture Strategy, the report, “Fuel for Innovation — Canada´s Path In The Race To 5G,” found that the deployment of 5G networks across Canada will lead to the creation of hundreds of thousands of new jobs.

CWTA is the authority on wireless issues, developments and trends in Canada. It represents companies that provide services and products across the wireless sector. Representing the industry before all levels of government and various regulatory agencies, CWTA actively promotes the industry with the goal of ensuring continued growth of the wireless sector in Canada.

CWTA administers a number of initiatives on behalf of its members, including corporate social responsibility programs and the national common short codes program.

Accenture is a global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions — underpinned by the world´s largest delivery network — Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders.