Broadband Providers Dubbed “Investment Heroes”
The Progressive Policy Institute (PPI) has named several leading broadband providers as part of a list of 25 companies they are calling American “Investment Heroes.” By utilizing publicly available financial reports, PPI constructed a list of the top 25 nonfinancial U.S.-based companies ranked by their U.S. capital spending in 2011. AT&T topped the list, with $20.1 billion in capital expenditures, followed by Verizon Communications at $16.2 billion. Comcast and Time Warner Cable also made the list, spending $5.3 billion and $2.9 billion, respectively. According to the PPI, these companies are referred to as “Investment Heroes” to make a key point: the U.S. economy is at its best—in terms of growth and job creation—when companies and workers are partners with the same objective. The study argues that the path to economic recovery begins with domestic investment. In an era in which most companies are cutting back, a select group of companies, these 25 "investment heroes" are still making massive and continuous investment in domestic economic infrastructure. PPI authors note, "The fact that telecom and energy companies [like AT&T, Comcast, Time Warner Cable and Verizon] find it the most financially worthwhile to invest large volumes in America is quite telling about which sectors are doing well."
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