Can Wireless Broadband Save the Global Economy?

Consider this: Fueled by social networking applications but perhaps just as importantly the need to be connected regardless of location, the need for broadband is growing. That's how Rich Tehrani, the  president and group editor-in-chief of TMC Net, a communications provider, begins a recent blog post on his company's website.

Tehrani concedes that "Instantaneous access to information is an addiction which I have found very difficult to break. Personally I feel withdrawal symptoms when my devices run low on battery and I don't have access to power. Likewise on Valentine 's Day when I forgot both phones at home I had this naked feeling until I consciously told myself I won't need these gagdgets to help me through my meal."

Tehrani says wireless broadband can boost global economies. Because "the demand for these services will only grow and as increased frequencies are released in developing parts of the world, more people will come online and Metcalfe's Law takes effect," he continues. Metcalfe's law, you may remember, states the power of the network increases in proportion to the square of the number of nodes connected to it.

"For those of us in the communications space -- our opportunity is now," Tehrani writes. "We need to continue to innovate with better products which save our customers money and/or make them more productive. We have a great industry and with an increased focus on how important we are to the global economy, we should have even more opportunities available to us...I know doom and gloom is the mood but we need to keep pushing, producing and innovating. We still have a great deal to offer global society and our future -- especially on a relative basis (compared to banking, oil services, real estate, retail, etc) has never been brighter."

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