TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Industry Announcements

Tracker

AT&T to invest an additional $1 billion in the United States if competitive tax rate enacted

Via AT&T News Room

Nov 9, 2017

Dallas, Texas, 8 Nov 2017

Since 2012, AT&T* has invested more in the United States than any other public company.[1] Today, the company committed to step up its 2018 U.S. investment by an additional $1 billion if Congress passes — and the President signs into law — the corporate tax provisions currently in the House bill introduced last week.

“By immediately lowering the corporate tax rate to 20%, this bill will stimulate investment, job creation and economic growth in the United States,” said Randall Stephenson, AT&T Chairman and CEO.

“With a rate of 20% combined with provisions for full expensing of capital expenditures for the next five years, we’re prepared to increase our investment in the United States. [If the House bill is signed into law, we’d commit to increase our domestic investment by $1 billion in the first year in which the new rates are in place. And research tells us that every $1 billion in capital invested in telecom creates about 7,000 good jobs for the middle class.”

AT&T’s year-one incremental investment will support the company’s fiber build to U.S. homes and businesses. Beyond 2018, a lower tax rate would incent AT&T to continue to deploy incremental capital to its fiber and future 5G builds.

Also, speaking at the Wells Fargo Media & Telecom conference today, AT&T chief financial officer John Stephens provided updates on the company. AT&T has continued its strong momentum with FirstNet. Today, 31 states and territories have opted in to the FirstNet network—the country’s only communications platform purpose-built with public safety, for public safety.

AT&T’s discussions with the U.S. Department of Justice regarding the company’s acquisition of Time Warner are continuing. Stephens said he couldn’t comment on those discussions but that there is now uncertainty as to when the deal will close.

Related Topics
  • Finance & Banking,
  • Media & Entertainment,
  • News,
  • North America,
  • Tracker

More Like This

Digital Platforms & Services

Tech Mahindra Launches “Synergy Lounge” with IBM and Red Hat to Accelerate Digital Transformation for Enterprises

Jun 29, 2022

Access Evolution

Quectel launches Connectivity-as-a-Service and integrated SIM to simplify IoT deployments in Asia Pacific

Jun 29, 2022

5G

Celcom-Digi receives regulatory clearance to move forward with merger in Malaysia

Jun 29, 2022

Digital Platforms & Services

Telesmart.Io And Liquid Cloud Partner To Increase Efficiencies And Improve Customer Experience By Automating Voice Number Deliver

Jun 29, 2022

Digital Platforms & Services

Arm Total Compute Solutions redefine visual experiences and supercharge mobile gaming

Jun 29, 2022

This content extract was originally sourced from an external website (AT&T News Room) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

10:14

Executive Interview: Vodafone’s Lucia De Miguel Albertos on the ultimate RAN Intelligent Controller

39:34

Figuring out the TCO of Open RAN

6:47

Dell's Role in Open RAN

4:24

Executive Interview: Neil McRae on BT's Open RAN Plans

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).