Fibre, multiplier effect: 4.4 euros of GDP for every euro invested
The impact on the economy and employment photographed by three studies by Luiss, Deloitte and the Politecnico di Torino. From construction and use of Ftth networks in white areas contribution of 21.5 billion
It is not just a question of cables, excavations or data running faster under the road surface of our cities and, above all, of the most remote villages. It is something deeper, on which much of the country's future development is inevitably at stake. The numbers are unequivocal and the most significant figure is that of the economic multiplier: for every euro invested in fibre broadband, 4.4 euros of GDP are generated.
This will be discussed next Monday at the Luiss Guido Carli University in Rome, which for the occasion will become the centre of gravity of a reflection that no longer admits of procrastination. The title of the event, 'Fiber Switch On: access to the future is now', sounds like a polite but firm ultimatum to a country that has built the highway but is still struggling to get into gear.
Three studies
Three studies will be presented. The figure that sounds like a wake-up call (and at the same time like good news) comes from the report 'The Ftth fibre switch-on: economic and employment impacts for Italia', edited by Marco Vulpiani, senior partner, head of Deloitte Economics. In white areas - the 'market failure' municipalities, where the private sector does not invest without a boost from public incentives - every euro spent on FTT (fibre to the home laid in those areas by Open Fiber, which has won three public tenders) has generated, as mentioned, 4.4 euros of GDP so far.
The number is the sum of two speeds: infrastructure construction is worth 1.1 euro of GDP per euro invested; network utilisation adds 3.3 euro. Translated into magnitudes: 21.5 billion of total contribution to GDP in white areas, between 5.3 billion related to construction and 16.2 to the utilisation phase.
The Impact on Employment and Taxation
The second dimension is employment: more than 343,000 total jobs between the construction phase and the subsequent phase of use, with about 90,300 equivalent jobs generated directly by the construction of the network and about 252,700 linked to the induced economic effect in the territories. An impact that is distributed along the entire supply chain, with repercussions on construction, manufacturing and professional services, but also on micro and small enterprises in inland areas, for which ultra-fast connectivity represents a growing factor of competitiveness.



