Verizon won’t be using tax cut to boost spending on network upgrades
Federal Communications Commission Chairman Ajit Pai's claim that repealing network neutrality rules will boost network investment didn't get much support from Verizon's latest spending forecast. Verizon's network spending won't change much in 2018, and the company also won't be using its newfound tax savings to upgrade its broadband networks. Verizon reported $17.2 billion of capital expenditures in calendar year 2017, with the net neutrality rules in place the entire year.