2023 Broadband Capex Report

America’s broadband industry invested $94.7 billion in U.S. communications infrastructure in 2023, as broadband providers worked intensively to connect communities to high-speed networks. The annual figure represents the second highest industry capex in 22 years, more than 23% above the historic annual average. Investment this past year reflects a range of activities, including expansion of fiber deployments, integration of fiber and mobile networks, increased rural broadband construction, and network capacity additions to keep pace with advances in artificial intelligence and other applications that are fueling rising bandwidth demands among consumers and across the economy.