AT&T Sights Time Warner Deal
November 08, 2017
Since 2012, AT&T has invested more in the United States than any other
public company. 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.
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
“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.”
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.