Comcast and AT&T announce $1,000 bonuses to more than 300,000 employees citing FCC’s decision on Net Neutrality
US Internet Service Providers are on cloud nine after the passage of Tax Reform and FCC’s repeal of Net Neutrality. Going forward the AT& T and Comcast has announced $1000 as a bonus for more than 300,000 front-line employees.
“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” – company said in its official website.
Roberts has also said the company has planned to spend more than $50 billion in next five years. Comcast will invest more in infrastructure to improve its broad plan.
“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. With these investments, we expect to add thousands of new direct and indirect jobs” – Comcast said.
It is to be noted that AT&T has earlier announced that it will invest $1 Billion in 2018 to award $1000 as bonus to more than 200,000 AT&T U.S. employees–all union-represented, non-management and front-line managers–over the holidays
“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 AT&T CEO Randall Stephenson.
“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.”– he added.