WASHINGTON, DC – The growth in broadband investment, jump-started by Energy and Commerce policies advanced in the last Congress, continues to skyrocket according to a new report from USTelecom. The report found that capital investment in broadband increased by approximately $3 billion in 2018, continuing the positive momentum that began in the 115th Congress as Energy and Commerce began to examine solutions to modernize the Federal Communications Commission (FCC).
Chart and data provided by USTelecom – The Broadband Association
In March 2018, the historic, committee-led RAY BAUM’S Act was signed into law. This bipartisan, bicameral legislation reauthorized the Federal Communications Commission (FCC) for the first time in 28 years, spurred the deployment of 5G networks, and reduced the regulatory barriers to broadband investment.
According to USTelecom, U.S. broadband investment grew from approximately $72 billion in 2017 to $75 billion in 2018.
The report also comes on the heels of the one-year anniversary of the FCC’s Restoring Internet Freedom Order, which repealed outdated regulations that governed the Internet like a 1930s monopoly. Despite the hyperbolic rhetoric on the devastating impact of the Restoring Internet Freedom Order, it’s clear that removing regulatory burdens on the Internet actually spurs investment and promotes broadband expansion.
“USTelecom’s top line broadband capex data strongly suggest that the current pro-investment, pro-innovation, and pro-consumer policy environment is working,” said USTelecom in their report. “Broadband providers are putting an increasing amount of capital to work, upgrading networks, rolling out fiber and 5G wireless, and narrowing the digital divide.”
This is good news for small businesses, rural communities, and the entire American economy. The headlines speak for themselves:
USTelecom: Capital Investment in Broadband Up in 2019
Says it coincides with FCC dereg move
USTelecom Touts Broadband Investment; Industry and FCC Chairman Pai Link Growth to Deregulatory Policies
USTelecom Estimates U.S. Broadband Investment at $75 Billion for 2018, Up from $72 Billion in 2017