Di Yi Cai Jing·2025-08-14 00:14Core Viewpoint - CITIC Construction Investment indicates that the capital expenditure guidance for the three major telecom operators in 2025 is expected to decrease by 9.1% year-on-year to 289.8 billion yuan, reflecting a continued contraction in overall investment spending and a shift in investment focus towards computing power [1] Group 1: Industry Trends - In the first half of 2025, the cumulative mobile internet traffic reached 186.7 billion GB, representing a year-on-year growth of 16.4%, with the growth rate increasing month by month since the beginning of 2025 [1] - The acceleration of 5G-A large-scale deployment and the expedited research and development of 6G technology are recommended areas of focus [1] - The demand for new types of optical fibers driven by AI in data centers is expected to grow, with multi-mode optical fibers seeing accelerated application [1] Group 2: Infrastructure Development - The deployment of fiber optic access is entering a mature phase, with the construction of gigabit optical networks progressing steadily and beginning to upgrade towards "ten-gigabit" [1]