The use of wireless telecommunications services in the United States generated a consumer surplus of 157 billion per annum in 2004. Were U.S. carriers to charge at European Union levels, we estimate that the U.S. consumer surplus from wireless services would be halved, demonstrating that U.S. consumers and businesses enjoy substantially greater economical welfare from wireless services than their EU counterparts do.
We see an enormous opportunity in the mobile market for data services. The biggest hole in the mobile network operator offering is the lack of guaranteed privacy. Users want to control access to and use of their personal information to avoid the type of trouble the theft of credit data is posing on the Internet.