Telcos Could Play Crucial Role in Driving Economic Recovery and Creating a New Digital Society in the Wake of COVID-19

ABI Research whitepaper explores why governments and regulators should support the telecommunications sector to drive post-COVID-19 prosperity

OYSTER BAY,New York,May 19,2020 -- Telcosare critical to retaining any semblance of normalcy in post-COVID-19 social andenterprise settings. They will not only be crucial inenabling nations to manage the transition out of COVID-19 related stagnation,but also in providing a resilient national infrastructure to stimulate GDP growth,states global tech market advisory firm, ABI Research.

In its new whitepaper,Telcos As a National Growth Accelerator,ABI Research's Chief Research Officer,Stuart Carlaw,identifies several strategies that governments can utilize to invest in stimulatinggrowth by strengthening the Telco position.

"The telco community globally has largely been the butt of less favorableregulation,lack of strategic governmental attention,and subject to the hostileintentions of webscale competitors," says Carlaw. In the early stages of the COVID-19 outbreak,telcos have emerged as a key asset that has enabled the continuity of many businessesand helped people remain engaged,stimulated,and healthy while in "lockdown" situations. "Moreover," Carlaw adds,"it could be argued that telcos could play a pivotal role incountries being able to rebound from the financial and productivity shock comingfrom COVID-19."

Telcos have been invaluable in enabling some semblance of societal continuationduring lockdowns due to COVID-19. At the basest sense,telcos have enabled many millions of workersto continue contributing to the global economy from their homes. They have enabled enterprises andorganizations to continue operations and have entertained many billions with access to content. Carlaw explains.

"In avery tactical way,they have enabled governments to track,trace,and manage the spread of the virus,communicate effectively and directly with people,and keep supporting society in a virtual,but valuable way.Without the investment and operational diligence of many telcos,the impact of COVID-19 would have beenfar deeper and more profoundly felt in all economies." The fundamental truth that telcos put mobile devicesand connectivity in people's hands at affordable and accessible rates is one shining beacon of opportunityin the current gloom.

Looking to the future,how can telcos be pivotal in driving the global economy forward as the worldemerges from the initial phase of the COVID-19 pandemic? "This can largely be separated into two majorbuckets: 1) tactical support for a safe society; and 2) a more strategic role revolving around supportingGross Domestic Product (GDP) creation in market settings that will have new parameters and effectively bea new paradigm,Post-COVID-19," Carlaw offers.

The most significant impact that telcos can have is spurring GDP growth,which will be accomplished by stimulating the embrace new working practices that are driven by technology. "They will be key in enabling a new digital society. Beyond theobvious conclusions that we are likely to see,including more remote working,more virtual meetings,andmore virtual teams (all of which will be enabled thanks to the connectivity supplied by telcos),a raft ofnew solutions could accelerate GDP growth and all will require a robust level of support from the telco community," Carlaw concludes.

To learn more about telcos as a COVID-19 recovery engine and how governments can support telcos to drive post-COVID-19 growth,download the whitepaper,Telcos As a National Growth Accelerator.

About ABI Research

ABI Research provides strategic guidance to visionaries,delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries,economies,and workforces across the world. ABI Research's global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms,empowering our clients to stay ahead of their markets and their competitors.

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。我们帮助客户创造真实的业务成果。

For more information about ABI Research's services,contact us at +1.516.624.2500 in the Americas,+44.203.326.0140 in Europe,+65.6592.0290 in Asia-Pacific or visitwww.abiresearch.com.

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