GSMA：2025年亚太移动经济报告（英文版）

From 2019 to 2024, Asia Pacific operators invested $220 billion in network infrastructure, primarily for 5G. After peaking in 2023, capex-to-revenue ratios have stabilised as operators reduced spending after reaching significant 5G coverage. The focus now shifts to monetising 5G, with operators adopting innovative strategies to derive greater value from 5G services for consumers and enterprises. This is essential for the mobile industry's sustainability in Asia Pacific. Addressing t