Thursday, December 21, 2017
"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," Comcast said in a statement.
"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," the company added....
But those that take a closer look at Comcast's finances will find that's something that would have occurred anyway.
"In Q3 2017, the most recent quarter, Comcast's capital expenditures were $2.4 billion," notes John Brodkin at Ars Technica. "Continuing to spend at that rate, even if Comcast doesn't increase spending to account for inflation, would push Comcast to $9.6 billion a year or $48 billion over the next five years."
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