America’s broadband providers invested $89.6 billion (€77.2bn) in US communications infrastructure in 2024, according to USTelecom – The Broadband Association’s 2024 Broadband Capex Report. This near record-high investment brings the industry’s total to more than $2.2 trillion since 1996, underscoring broadband’s essential role in powering the US economy and enabling innovation in the age of artificial intelligence.

“Broadband networks are the backbone of modern life—connecting communities, strengthening the economy, and enabling opportunity in every corner of the country,” said USTelecom President and CEO Jonathan Spalter. “Every dollar invested strengthens the foundation for innovation, helping hospitals care for patients, farmers feed our nation, educators inspire students, and families stay connected. As we advance deeper into the era of AI and other critical technologies, provider investment in American communications infrastructure is fueling our nation’s leadership and economic progress.”

The report charts a steady rise in broadband investment through successive eras of growth—from the early broadband boom and mobile expansion to the AI-driven era of today. In 2024, providers expanded fiber networks, extended service into rural areas, and bolstered wireless capacity to meet surging demand from cloud computing, streaming, and emerging AI applications.

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Tags: AI, ISPs, usa