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AT&T Reiterates Commitment to Step Up U.S. Investment if Competitive Tax Rate Enacted

Investors /

In recognition of today’s vote by the House of Representatives to pass the first meaningful tax reform in decades, AT&T today reiterated its commitment to invest an additional $1 billion in the United States in 2018 if the House bill is signed into law.

“A permanent corporate tax rate of 20% will stimulate domestic investment and create jobs for hard working Americans. If this bill becomes law, we’ll increase our investment in 2018 to accelerate our fiber deployment to bring high speed internet to more U.S. homes and businesses.”

“I appreciate the commitment and hard work by the House, Speaker Ryan and Chairman Brady to implement tax reform that will spur economic growth in the United States,” said Randall Stephenson, AT&T Chairman and CEO.

Since 2012, AT&T* has invested more in the United States than any other public company.[1] Based on research, every $1 billion in capital invested in the telecom industry creates about 7,000 jobs for American workers.

*About AT&T

AT&T Inc. (NYSE:T) is a holding company. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T Inc. is available at about.att.com.

 

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Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

[1]Between 2012 and 2016, AT&T’s total investment in the United States, including capital investment and acquisitions of spectrum and wireless operations, was nearly $135 billion — more than any other public company.