2024 Broadband Capex Report

Broadband service providers in the US invested $89.6 billion in US communications infrastructure in 2024. In 2024, capital spending reflected long-term trends supporting the evolution of the nation’s connectivity infrastructure: deeper fiber deployment, expanding rural reach, wireless development, and growing overall network capacity to support booming AI, cloud computing, streaming and other advances. At the same time, providers navigated headwinds in 2024—including higher interest rates and a more cautious capital expenditure environment. Providers also focused on operational efficiencies and drew down on stockpiles of equipment acquired during supply chain shortages. Even so, competition and strong demand for connectivity sustained 2024’s near-record investment levels.