Wednesday, December 20, 2017

AT&T to boost CAPEX by $1 billion, issue $1,000 bonus to 200K employees

In recognition of the new tax reform legislation, AT&T announced plans to boost its 2018 CAPEX by $1 billion and to pay a special $1,000 bonus to more than 200,000 of its U.S. employees — all union-represented, non-management and front-line managers.

“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 Randall Stephenson, AT&T chairman and CEO. “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.”

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