"Today, I am thrilled to announce that Charter Communications has just committed to investing $25 billion, with a 'B, '" Trump said in a joint announcement with the Charter chief executive in the Oval Office.
President Trump met Friday with Thomas Rutledge, the CEO of broadband provider Charter Communications, and Texas Gov. Greg Abbott (R) to discuss infrastructure, according to White House staff.
Shortly after it announced its plans to acquire Time Warner Cable in 2015, Charter said more generally that it would "create thousands of USA -based jobs" by hiring customer service call center and field technician operators, and return TW Cable's call centers to the United States.
Trump said that Charter's announcement followed companies such as Exxon Mobil and Intel Crop. that had "recently announced billions in investment and thousands of jobs coming into the United States following my election victory".
What is new is Charter's pledge to invest $25 billion in broadband, as well as its four-year timeline.
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FCC boss Ajit Pai also quickly released a statement trying to claim his policies were to thank for Charter's announcement. The company said in October it planned to add 20,000 jobs as part of its acquisitions of Time Warner Cable and Bright House Networks. Trump attributed the investment and Charter's promise to bring back to the USA call center jobs that had been shipped overseas, to his election and policies. Rutledge said at the press conference that the company was willing to commit such a hefty amount due, at least in part, to the "favorable regulatory and tax policies" he expects from the Trump administration.
The $25 billion investment, Venech said, has never been announced.
"Sure, we had a lot of headwinds in the previous administration from a regulatory point of view, but it didn't really affect us", Rutledge said during Charter's fourth-quarter earnings call. Charter also announced it is opening a bilingual call center in McAllen, Texas, which will include customer service representatives that speak Spanish.
But, like Charter, some of those companies were simply renewing or amplifying earlier commitments.