Study Estimates that Use of Broadband Can Save Nearly $8,900 per ...

Posted by Michael RomanocloseAuthor: Michael Romano Name: Michael Romano
Email: mromano@ntca.org
Site: http://www.ntca.org
About: Michael Romano joined NTCA as senior vice president of policy in August 2010. Mike oversees the association's government affairs, legal and industry, and communications operations, with a particular focus on NTCA's public policy and regulatory advocacy efforts on behalf of the organization's nearly 600 rural telecom members. Prior to joining NTCA, Mike was of counsel at Bingham McCutchen, LLP, where he advised clients regarding federal broadband network funding opportunities and negotiated hardware and software licensing and sales agreements, outsourcing arrangements, and service contracts.See Authors Posts (6) on Monday, November 26, 2012 ? ? ? ? ? ??????????

The results of a?study?posted recently by the Internet Innovation Alliance (IIA) indicate that the average household can save $8,870 per year through the use of high-speed broadband Internet access to comparison-shop, make purchases, and engage in other transactions.? The savings estimates ranged from a high of nearly $2,500 in average entertainment savings to $47 in annual costs of postage for paying bills.

IIA Founding Co-Chairman Bruce Mehlman commented, ?These money-saving tactics are critical in a challenging economy and are contingent upon access to high-speed broadband. Transitioning to next-generation networks is crucial for all Americans to be able to make the Internet part of their financial strategy.?

Other savings identified by the study include travel expenses ($1,659 average annual savings), food costs ($994 average annual savings), and newspaper subscription rates ($161 average annual savings).

The IIA describes itself as a ?broad-based coalition of business and non-profit organizations that aim to ensure every American, regardless of race, income or geography, has access to the critical tool that is broadband Internet.? Members include One Economy, AT&T, Americans for Tax Reform, Connected Nation, Corning, the U.S. Cattlemen?s Association, the National Grange and Corning.

At bottom, the IIA study reaffirms the essential and increasing value of broadband to meaningful participation in the national economy, and it also highlights that the value (or ?savings?) to be derived from broadband access far outweighs the initial cost of procuring broadband.

One might also observe that the value that the study indicates can be derived from broadband ? and particularly from the ability to connect with every other user on any network ? would far outweigh the potential cost of a few dollars of universal service contribution each month to support those networks, but that unfortunately remains a debate for another day?

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3. Study: Most Internet Traffic Bypasses Tier-One Networks
4. VOTW: Will New RIM CEO Save the Company?
5. LightSquared and Sprint Sign 15-Year Deal

Source: http://www.ntca.org/new-edge/data/study-estimates-that-use-of-broadband-can-save-nearly-8900-per-year-for-household-budgets

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