Comcast as of late announced that it will be shelling out $1,000 employee bonuses in response to the Federal Communications Fee ’s repeal of net neutrality rules remaining week, in addition as the Senate and Area ’s passing of Republicans ’ tax reform invoice poised to supply a substantial windfall to wealthy Americans and corporations. Comcast has lengthy been an opponent to Title II category, which gave the FCC the authority to regulate telecommunications companies and ISPs like utilities. the company sought to kill the ones client protections beneath the guise they harmed funding, and it celebrated the FCC ’s movements ultimate week.
Following the online neutrality repeal, Comcast was unwilling to say it could never block or throttle content material or be offering paid fast lanes. Those actions are all prevented through powerful internet neutrality regulations and regulatory oversight, but now are all particular chances seeing that FCC Chairman Ajit Pai gutted Obama-technology protections in the identify of returning the web to its earlier legislation-free (learn: employer-friendly) regulatory machine.
Comcast says it plans to spend “in way over $50 billion” over the following five years making an investment in infrastructure and development out bodily broadband plants and funding leisure ventures in TV and picture. the scoop coincides with AT&T ’s an identical statement today that it plans to offer 200,000 staff $1,000 bonuses every in response to tax reform. AT&T did not point out the FCC or internet neutrality, however as an ISP the corporate stands to profit in tactics similar to Comcast.
Here ’s Comcast ’s commentary in complete:
based on the passage of tax reform and the FCC’s motion on broadband, Brian L. Roberts, Chairman and CEO of Comcast NBCUniversal, announced that the corporate may award unique $1,000 bonuses to more than 100 thousand eligible frontline and non-executive staff. Roberts also announced that the company expects to spend well in way over $50 billion over the next five years making an investment in infrastructure to greatly toughen and prolong our broadband plant and capability, and our television, movie and subject park services. With those investments, we predict to add lots of recent direct and oblique jobs. we will be able to have more to mention on capital at our upcoming January 24th earnings report.
Disclosure: Comcast is an investor in Vox Media, The Verge ’s parent corporate.