Two of the best internet providers are acting on tax reforms and deregulations on net neutrality in the US. Reports say that AT&T® is planning to expand their nationwide network with a capital investment of 1 billion dollars and would give a 1000-dollar bonus to as many as 200,000 employees in the year 2018. The announcement from the Telco’s representatives came following House and Senate Republicans have passed a new tax bill. The reform slashed the corporate tax rate from 35 percent to 21 percent, which would be applicable starting next year for the telecom industry as a whole.
The employee bonus from AT&T® is courtesy the talks between their CEO Randall Stephenson and Christopher Shelton, the Present of Communications Workers of America. The funding would expectantly support AT&T’s broadband expansion plans and next-gen wireless data 5G.
“Congress, 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 Stephenson in an announcement.
“By pushing employers for this raise, CWA proves that working people have power when we join together to negotiate for a fair return for the work we do,” said CWA. “Unions remain the most effective means for working people to stand together and achieve wage growth and keep good jobs in the U.S.”
Joining the announcements following the tax reform is Comcast Communications®. CEO Brian Roberts said that Comcast® would also give $1000 bonuses for “eligible frontline and non-executive employees.” The Telco also said they would invest “well in excess of $50 billion” as capital over the course of upcoming 5 years into cable business and theme parks now that FCC has repealed net neutrality on a 3-2 vote in a recent meeting.
In fact, the Commission recently forecasted the deregulation of net neutrality rules of 2015 would encourage the best internet providers to spend big and upgrade their network that would contribute to the industry as a whole. The employee bonuses are also on the cards since a number of Internet Service Providers including Comcast® and AT&T’s TV provider DirecTV® have announced hikes in price for the broadband and cable TV plans that are expected to start from the next year.