GSMA：2025年移动基础设施投资格局报告：移动互联网连接基建投资剖析（英文版）

As the use of the internet continues to grow and ever more applications rely on its smooth operation, there is an obvious need for continual investments in the underlying connectivity infrastructure. However, the internet is not a single, homogeneous entity but an infrastructure made up of many thousands of assets and networks, each with separate owners and investors making discrete investment decisions. Across all parts of the infrastructure, shifts are taking place in terms of who invests,