Embodiments of the present invention provide a positioning information processing method and apparatus. The method includes: receiving, by a test terminal, a cell-specific reference signal sent by a base station, and obtaining an original cell-specific reference signal; obtaining, by the test terminal, a multipath characteristic quantity according to the received cell-specific reference signal and the original cell-specific reference signal; and sending, by the test terminal to a server, RSRP, timing information, and a multipath characteristic quantity that are corresponding to each test site, so that the server implements a positioning service.