Home / TECHNOLOGY / Comcast claims it’ll spend $50B since of net neutrality dissolution and taxation cut

Comcast claims it’ll spend $50B since of net neutrality dissolution and taxation cut

Comcast yesterday claimed that it will deposit some-more than $50 billion in infrastructure over the next 5 years since of the dissolution of net neutrality manners and the new taxation overhaul.

But the numbers show that Comcast’s investments soared while the net neutrality manners were in place and would hit the “new” miracle if its investments continued augmenting by a medium amount.

Comcast’s proclamation yesterday pronounced the following:

Based on the thoroughfare of taxation remodel and the FCC’s movement on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the Company would endowment special $1,000 bonuses to some-more than one hundred thousand authorised frontline and non-executive employees. Roberts also announced that the Company expects to spend good in additional of $50 billion over the next 5 years investing in infrastructure to radically urge and extend the broadband plant and capacity, and the television, film and thesis park offerings.

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Big investment increases under net neutrality rules

How does $50 billion over 5 years review to what Comcast already spends on infrastructure? The company’s quarterly gain reports answer that question.

In Q3 2017, the many new quarter, Comcast’s collateral expenditures were $2.4 billion. Continuing to spend at that rate, even if Comcast doesn’t boost spending to comment for inflation, would pull Comcast to $9.6 billion a year or $48 billion over the next 5 years.

Spending patterns can change by quarter, however, so it may be some-more exegetic to demeanour at Comcast’s collateral investments over the past 12 months.

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