British businesses are bound to lose hundreds of millions of pounds owing to the delay in the 4G mobile spectrum according to a report published by the Open Digital Policy Organisation.
The OPG also claimed through its report [PDF] that faster browsing and download speed could eventually save businesses 37 million hours every year, meaning a cost £732 million annually.
"Visitors to Britain will first notice London’s lack of 4G mobile data when they arrive for the Olympics next year," says Open Digital boss James Firth, according to a report by PCR-Online.
"In addition to the lost time through slow mobile data, UK businesses won’t be able to fully benefit from new cloud-based business tools until the UK has a nationwide reliable high speed mobile data network," he added.
OPG is appealing to the telecom regulator Ofcom to take care of the proceedings at a faster rate. It also demanded that the government should acknowledge the “massive benefit” the economy can be rewarded with from 4G mobile data.
4G mobile services have already been made available by multiple countries, including the likes of the US, Australia, and a few members of the EU as well. However, according to the estimates made by Ofcom, the next generation mobile service is unlikely to come to the country any sooner than 2013.