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The mobile broadband industry could create jobs and help heal the world economy, according to the planet's leading mobile operators.

A group of 25 providers, led by the GSM Association, have sent a letter to world leaders at the G20 summit, spelling out the potential of the market and the positive effect it could have on recession-hit countries.

Companies including Ericsson, Orange and AT&T said that they could boost the world GDP by as much as three per cent in exchange for a desirable slice of the broadband spectrum and relaxed regulations.

The group said that they were willing to invest £376 billion over the next five years.

Reuters reports that the letter concluded: "The business case for mobile broadband is highly dependent on regulatory policies.

"In recent times, we have experienced a trend of increasing regulatory intervention, often where this is not appropriate."

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