Comcast’s network investments soared—with net neutrality rules in place
0Comcast’s network investments soared—with net neutrality rules in place.
Comcast yesterday claimed that it will invest more than $50 billion in infrastructure over the next five years because of the repeal of net neutrality rules and the new tax overhaul.
But the numbers show that Comcast's investments soared while the net neutrality rules were in place and would hit the "new" milestone if its investments continued increasing by a modest amount.
Comcast's announcement yesterday said the following:
Based on the passage of tax reform and the FCC's action on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would award special $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees. Roberts also announced that the Company expects to spend well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity, and our television, film and theme park offerings.