Comcast Corp. and AT&T Inc. both announced special bonuses for their employees after the passage of the tax bill in Congress.
AT&T said Dec. 20 that as soon as President Donald Trump signs the bill into law, the company will pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees, AT&T also plans to invest an additional $1 billion in the U.S. in 2018.
Meanwhile, Comcast said it will give $1,000 bonuses to more than 100,000 eligible frontline and nonexecutive employees as a result of the passage of "tax reform and the FCC's action on broadband."
Comcast President, Chairman and CEO Brian Roberts said the company also expects to spend more than $50 billion over the next five years to improve broadband infrastructure, as well as its television, film and theme park offerings.
Comcast will provide more details on the planned investment on its Jan. 24, 2018, earnings call.
