Infrastructure

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

Cumulative private investment topped $2.2 trillion

Akul Saxena

Oct 23, 2025 — 2 min read

Photo of the AT&T Headquarters in Dallas, Texas

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.

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Infrastructure Capex USTelecom AT&T FBA

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