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UK’s 5G rollout to create 5,000 jobs

New jobs created by Telefonica, Liberty Group, and Octopus Energy are set to tackle the UK’s rising unemployment rate

The parent companies of O2 and Virgin Media have announced plans to create 5,000 new jobs through the rollout of 5G connectivity across the UK.

The pledge, which includes 1,000 apprenticeships, comes as the UK unemployment rate sits at 4.1%, out of which the most impacted group are those aged between 16 and 24. However, last week the Office for Budget Responsibility (OBR) said that the rate could rise to 13.2% by next year.

It also comes five months after O2’s Telefonica and Virgin Media’ Liberty Group announced their UK-based merger in order to create a formidable opposition to BT’s dominance in the sector. Read more via ITPro

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Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.

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