“By immediately lowering the corporate tax rate to 20 percent, this bill will stimulate investment, job creation and economic growth in the United States,” said Randall Stephenson, AT&T Chairman and CEO.
“If the House bill is signed into law, we’d commit to increase our investment by $1 billion in the first year in which the new rates are in place. 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.
Since 2012, AT&T has invested more in the United States than any other public 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. “There is now uncertainty as to when the deal will close,” said AT&T chief financial officer John Stephens, speaking at the Wells Fargo Media & Telecom conference today.