U.S. Broadband Spending Hit Record $90 Billion in 2024

WASHINGTON, Oct. 23, 2025 – With stable policy, rising demand, and $90 billion invested, private broadband continued to boom.

U.S. broadband providers invested $89.6 billion in communications infrastructure in 2024, which sustained near-record levels even as interest rates climbed, according to the USTelecom 2024 Broadband Capex Report.

The trade group said cumulative private investment surpassed $2.2 trillion since 1996, and called broadband one of the nation’s most capital-intensive industries and a foundation for AI-driven growth.