The United States plans to build high-speed 4G wireless services network and make it available to at least 98 percent of Americans households by 2016, President Barrack Obama said during a speech at Northern Michigan University in Marquette, Michigan.

By catalyzing the buildout of high-speed wireless services that will enable businesses to grow faster, students to learn more, and public safety officials to access state-of-the-art, secure, nationwide, and interoperable mobile communications, according to a official White House statement.

The rollout of the next generation of high-speed wireless will enable services at 10 times faster than current high speed; this technology promises to benefit all Americans, bolster public safety, and spur innovation in wireless services, equipment, and applications, Obama said.

By catalyzing private investment and innovation in 4G technology, it will help

1. Nearly Double Wireless Spectrum Available for Mobile Broadband

2. Provide At Least 98% of Americans with Access to 4G High-Speed Wireless:

3. Catalyze Innovation Through a Wireless Innovation (WIN):

4. Develop and Deploy a Nationwide, Interoperable Wireless Network for Public Safety:

5. Cut the Deficit By $9.6 Billion Over the Next Decade:

As soon as this initiative was announced, leading telecommunication firm AT&T's Chief Technology Officer John Donovan issued a statement, welcoming the move.

President Obama has outlined a comprehensive and aggressive plan that lays the groundwork for bringing wireless broadband to all Americans. AT&T applauds the Administration's support for the role that industry and private investment play in making this important goal a reality. As we saw demonstrated today in Marquette, Michigan, wireless broadband makes possible extraordinary opportunities for both consumers and businesses, as well as for America's students and teachers, said Donovan. This initiative will also enable public safety to build and fully operate a nationwide, interoperable communications network. The Administration's commitment to provide public safety with the resources it needs while at the same time taking necessary steps to meet the needs of broadband providers is a tremendous step forward for this country,

Due to the deployment of 4G in the United States, Japan and Europe, the capital expenditure of the telecom market could shrug off drops in the past two years and rise by almost 7 percent to $40.3 billion, US research firm iSuppli said in August.

Fourth-Generation can provide a connection speed more than 50 times faster than the current 3G network and is regarded as the growth engine for the future telecom market.

Earlier last week, China government announced that it will start offering 4G serviced by 2012, based on TD-LTE technology