FCC Efforts Prompt $25 Billion Investment from Charter Communications
As the FCC embraces fresh leadership and a new sense of focus, the Trump Administration is working in parallel to create a friendly environment for investment. This shift in direction is already taking effect and spurring growth. Recently, Charter Communications met with President Trump and announced a plan to invest $25 billion in broadband, creating approximately 20,000 new American jobs.
According to the company, this renewed investment was made possible due to their “confidence in the deregulatory policies of the administration and the FCC.” This is a clear example of the pro-growth power of deregulation.
To reach their pledge of 20,000 jobs, Charter plans to move all customer service calls from recently acquired Time Warner Cable back to the U.S. It’s an encouraging proposal that could inspire other companies to follow suite.
By forcing intrusive, burdensome regulations, the Obama-era FCC created an unstable environment for investment and endangered countless jobs. As Chairman Pai and the Trump Administration get American broadband back on track, they will make America competitive on the global stage and to foster online innovation for decades to come.