CTIA: Wireless Carriers Invested Record $35B in Networks Last Year

The U.S. wireless industry invested nearly $35 billion in its networks last year, a record and the fourth straight year of increased capital spending, CTIA said in its annual report released Tuesday. “5G networks now cover over 315 million Americans, one-in-three American adults have a 5G device, and 5G is now the fastest-growing segment of the home broadband market,” CTIA said: “Wireless industry competition also helped keep prices low during a period of rampant inflation. While prices across industries are increasing, the cost of wireless decreased.” Mobile wireless data traffic increased to 53.4 trillion MBs and providers “have added nearly 70,000 active cell sites since the FCC and state legislators modernized key siting regulations,” the group said.