Broadband Industry Sees 7.5% Drop in Capex in 2023

WASHINGTON, Oct. 21, 2024 – America's broadband industry invested $94.7 billion in communications infrastructure last year, representing a 7.5% drop from the prior year.

While lower in 2022, the investment marked the second-highest capital expenditure in 22 years, according to USTelecom’s 2023 Broadband Capex Report, released Friday. The annual report provided a comprehensive look at capital investments by the broadband industry.

The 2023 investment reflected a broad range of activities, including the expansion of fiber networks, integration of fiber and mobile technologies, increased rural broadband construction, and additions to network capacity to meet growing demand. The investment brought the industry’s total infrastructure spending since 1996 to nearly $2.2 trillion.