Ultra-broadband networks to boost global economy: ITU Secretary-General Houlin Zhao

Ultra-broadband or high-speed networks is capable to offer various business opportunities, and help in attaining growth in the economy worldwide, ITU Secretary-General Houlin Zhao said at Frankfurt’s Ultra-Broadband Forum 2016.

“I firmly believe that ultra-broadband networks will greatly promote the growth of the global economy, and relevant services are going to provide numerous unprecedented opportunities in the fields of healthcare, education, employment, transportation, agriculture, trade and governmental services, “ Zhao said.

ITU or the International Telecommunication Union is the United Nations specialized agency for information and communication technology (ICT) sector.

Many vendors such as Nokia Networks and Huawei have lately shifted their focus to ultra-broadband telecom networks for both fixed and mobile services, and there are more than 350 Gigabit network projects in total that have been deployed worldwide.

“In the 21st century, broadband networks surely will become an indispensable infrastructure like roads, railways, drinking water and electricity supply networks,” ITU top executive added.ITU top executive added.

China Mobile, Spain’s Telefónica and A1, the Austrian subsidiary of Telekom Austria Group, are hugely investing in ultra-broadband to seize unlimited opportunities in their respective markets, according to Nokia.

Chinese gear maker Huawei said that it will continue to drive the development of ultra-broadband technology and to optimize its ultra-broadband strategy to support telecom service providers’ existing and future business needs.

“When we deep-dive into global telecom operators’ deployments in the video industry, we discover that all of them have a well-developed video strategy, which is designed to drive the growth of broadband services, increase the number of broadband customers and the average revenue per user (ARPU), Eric Xu, Deputy Chairman of the Board and Rotating CEO, Huawei said.

The forum, ‘UBB 2020, Towards a Better Connected World’, attracted more than 600 industry executives, technology experts, and opinion leaders to discuss broad areas such as broadband network development, video industry and business innovation in the cloud era.