AT&T Plans $1B Capital Spend
December 21, 2017
Congress approved legislation representing the first comprehensive tax
reform in a generation. The President is expected to sign the bill in
the coming days.
Once tax reform is signed into law, AT&T plans to invest an additional
$1 billion in the United States in 2018 and pay a special $1,000 bonus
to more than 200,000 AT&T U.S. employees — all union-represented,
non-management and front-line managers. If the President signs the bill
before Christmas, employees will receive the bonus over the holidays.
working closely with the President, took a monumental step to bring
taxes paid by U.S. businesses in line with the rest of the
industrialized world,” said Randall Stephenson, AT&T chairman and CEO.
“This tax reform will drive economic growth and create good-paying jobs.
In fact, we will increase our U.S. investment and pay a special bonus to
our U.S. employees.”
Since 2012, AT&T has invested more in the United States than any other
public company. Every $1 billion in capital invested in the telecom
industry creates about 7,000 jobs for American workers, research shows.