A new report has proven there really is a need for speed. The collaboration between Ericsson, Arthur D. Little and Chalmers University of Technology has shown that doubling broadband speed for an economy increases GDP by 0.3% - which is the equivalent of USD 126 billion in the Organization for Economic Co-operation and Development (OECD) region.

The report, the first of its kind, was conducted in 33 OECD countries and underlines the importance of connectivity – concluding that broadband has the power to spark economic growth by creating efficiency for society, businesses and consumers.