5G rollout 'will save British households £450 a year', report claims

Image: The Government wants the UK to be a 'world leader' in 5G

A new report has claimed that the rollout of 5G will save British households £450 a year on energy, council tax, and food bills.

The report by O2 and supported by digital minister Margot James warns that the UK may miss out on productivity savings of £6bn a year if British cities are not upgraded.

Speaking in London today, O2's chief executive Mark Evans said: "Of all the ingredients that keep our economy and society moving, arguably top of the list is mobile."
He added that while 5G would provide "unprecedented benefits for consumers", a "high level of collaboration" was needed to "press ahead with the rollout and to hardwire 5G into the fabric of our cities".

Image: The 5G telephone spectrum will be auctioned off by Ofcom next week

The comments come ahead of an Ofcom auction for bands of the 4G and 5G mobile radio spectrum next week, which will give particular carriers the exclusive right to communicate over those frequencies.