President Donald Trump took credit on Friday after Charter Communications pledged to invest $25 billion in the United States and hire 20,000 workers over the next four years - even though the telecom giant already made similar pledges before Trump took office.
"This is great for their workers, for their customers, and certainly great for the United States", Trump told reporters Friday after meeting with Charter Chief Executive Officer Tom Rutledge and Texas Governor Greg Abbott. Rutledge said the company is in the process of in-sourcing its call centers from outside the United States and eventually will bring back 20,000 jobs. Late past year, Trump touted an effort by Sprint Corp.to bring 5,000 jobs to the USA, hiring that parent company SoftBank Group Corp. had already announced. It plans to invest $25 billion in broadband infrastructure and technology in the next four years.
Included in that figure is a commitment that Charter already made to the FCC previous year as a condition of its merger with Time Warner Cable: To deploy high-speed broadband to "two million more homes and a low-income broadband program for eligible households". "We have a president who is living up to his campaign promises, and that is to create more jobs".
Trump has a history of re-announcing hirings and investments that have always been in the works when he meets with corporate executives.
The $25 billion investment, Venech said, has never been announced.
Pres. Trump is applauding Stamford, CT-based Charter Communications for its commitment to U.S.jobs, including "completely ending" its offshore call centers.
"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.
"I'm pleased to see that our investment-friendly policies, along with the Administration's overall regulatory approach, are already producing results", said Pai.
"At Charter, our commitment is to serve our customers directly", the company said in a statement Friday. That amounts to an average investment of $6.25 billion a year.