Posted on Wednesday 3 April 2019 by Ulster Business

Fiveg

The arrival of 5G technology services in Northern Ireland could boost the economy by up to £283m a year by 2025, it's been claimed.

But Barclays Corporate Banking also warned that industry leaders needed to find out about the benefits of investing in 5G in order to fully benefit from it.

A report from Barclays looks at scenarios including an accelerated roll-out of 5G, which it said could deliver an extra £283m in revenues by 2025. But it also said that a slower roll-out would add just £141m in revenue.

BT's mobile network EE is targeting a Belfast launch for later this year.

Adrian Doran, corporate banking head at Barclays, said: "The roll-out of 5G offers a huge opportunity for Northern Ireland.

"We are seeing massive potential for business growth, which ultimately delivers a knock-on effect for the whole region."

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