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Freeing up mobile broadband spectrum throughout the EU could provide an additional €95 billion (£78.8 billion), it has been suggested.

According to figures of a newly-released report by Spectrum Value Partners, individual member states could benefit greatly over the course of the next 20 years if one quarter of available UHF spectrum space is allocated to mobile broadband services.

Conducted on behalf of Ericsson, Nokia, Orange, Telefonica and Vodafone, the Getting the Most out of the Digital Dividend study found that if the provision of spectrum is delayed by three years, it could cost the European economy as much as €20 billion.

Janice Hughes, Chief Executive of Spectrum Value Partners, said: "This UHF release to mobile will create cheaper broadband services for consumers on the move across Europe and will promote growth in the use of mobile browsing, email and video services."

A recently-released report by the European Commission has found that there are more than 250 regular internet users across the 27 member states of the European Union.

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