In a memo, CEO Randall Stephenson told employees that "Once tax reform is signed into law, we plan to invest an additional $1 billion in 2018 and pay a special $1,000 bonus to more than 200,000 - all union represented, non- management and 1st and 2nd line managers - as added recognition for their dedication and hard work".
As many as 200,000 employees will receive a bonus of $1,000 under the plan, according to AT&T.
"Newly passed tax legislation includes a reduction in corporate tax rates created to spur economic growth".
While the bonus announcement was new, the planned additional investment wasn't -AT&T announced on November 8 that it would step up United States investment by $1 billion if a tax bill passed.
AT&T spent about $23 billion building out its infrastructure in 2016, and estimates earlier this summer suggested the company was on track to spend $22 billion in 2017.
Republicans passed their first major piece of legislation under president Donald Trump today (Dec. 20), a tax bill that slashes corporate tax rates and favors the wealthy. The new regulatory landscape will afford AT&T more flexibility to control the pricing and speed of content for its internet customers, although AT&T has said it will not make big changes to the way internet services are delivered.
Attackers seize building near training centre of Afghan spy agency in Kabul
Another government official said the attack was near the intelligence agency training center. Both the Taliban and the IS group have carried out deadly attacks in Kabul in the past.
German Exchange Executives Consider Bitcoin Futures Contracts
Goldman Sachs Group Inc. demanded that some clients set aside collateral that equaled 100 per cent of the value of their trade. Spot bitcoin eased 1.9 per cent on the Bitstamp exchange to US$18,650, after surging to a record high of US$19,666 on Sunday.
Turkey's Erdogan says will take Jerusalem resolution to UN General Assembly
A senior United Nations official said on Tuesday that Israel's killing of a disabled Palestinian man protesting against U.S. Palestinians want the eastern part of the city as the capital of a future independent state of their own.
AT&T's latest announcement comes on the heels of a December 14 agreement struck between the company and the Communications Workers of America.
The additional funding is expected to support AT&T's expanding high-speed Internet networks, as well as the next generation of wireless data, known as 5G, the telecom company said.
AT&T supporting the tax bill appears to some as an effort to appeal to Trump's good side, and possibly open the door to more merger negotiations.
The moves come as AT&T gears up for a fight with the federal government.