Millions of dollars are being spent to persuade Ajit Pai FCC decisions on pole attachments, broadband paperwork, local regulations, neutrality and backhaul prices will "incent investments and more broadband deployment. I've listened to CTO's, CFO's and CEO's explaining investment strategy for nearly two decades. I'm convinced none of his policy proposals will have significant impact on actual investment or deployment. Pai can determine whether I'm right by making six phone calls and asking one question on each. Just call the CEOs or CFOs of AT&T, Charter, Comcast, Sprint, T-Mobile, & Verizon. They control 90% of mobile and 65% of landlines.
Ask them, "If I make these changes, how much will you increase your capital spending and rural deployment?" Verizon made a point of telling Wall Street that despite the 5G build, they wouldn't increase capex in the coming years. Charter/Time Warner has said they will cut and I believe AT&T similar. Sprint has said they will not come close to their fiscal 2016 capex. Most of the remaining companies - Century, Frontier, Altice - are financially weaker and even less likely to invest.
Capital spending is mostly driven by technology change, competition, market demand, underlying financial problems, and equipment cost.