USTelecom’s 2025 Broadband Capex Report shows a 3.4% rise in 2025 spending, marking the third-highest annual total since 2002 and casting 2020–2025 as the strongest sustained period of network investment on record.
U.S. broadband providers invested $92.6 billion in 2025, a 3.4% increase over 2024 and the third-highest annual total since 2002.
Cumulative industry investment since 1996 now approaches $2.3 trillion.
The 2020–2025 period averaged about $92 billion per year, framed by the report as the strongest sustained era of network investment.
Broadband Capex Hits $92.6B in 2025 as Fiber Fuels AI-Era Networks WASHINGTON, Sept. broadband providers invested $92.6 billion in communications infrastructure in 2025, a 3.4% increase over 2024 and the third-highest annual total since 2002, according to USTelecom's 2025 Broadband Capex Report. Cumulative investment now approaches $2.3 trillion since 1996 as demand for faster, more sophisticated networks continues to grow.
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