Trump says Charter to invest $25 bln in U.S., hire 20,000 workers
March 24, 2017, 11:17:00 AM EDT By Reuters
(Reuters) - U.S. President Donald Trump
on Friday touted Charter Communications Inc's <CHTR.O> decision
to invest $25 billion in the United States and its previously
disclosed plan to hire 20,000 workers over four years.
At a White House event with the second-largest U.S. cable
company's Chief Executive Thomas Rutledge and Texas Governor
Greg Abbott, Trump praised Charter for planning to close its
offshore call centers and move them to the United States.
On a number of occasions, Trump has touted job announcements
at the White House that had been planned or announced
previously.
Much of the Charter announcement was not new. 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.
The company said in February 2016 it planned to close
foreign Time Warner Cable call centers and move the jobs to the
United States.
Charter, which has 24 million residential and business
customers in 41 states, said Friday it had committed to Trump to
hiring those workers within four years. It plans to invest $25
billion in broadband infrastructure and technology in the next
four years.
Last year, as part of winning approval to acquire the cable
networks from the Federal Communications Commission, Charter
agreed to extend high-speed internet access to another two
million customers within five years, with one million served by
a broadband competitor.
Charter also touted its plans to open a new bilingual call
center in McAllen, Texas and said it expects to employ 600 there
by the end of 2018.
March 24, 2017, 11:17:00 AM EDT By Reuters
(Reuters) - U.S. President Donald Trump
on Friday touted Charter Communications Inc's <CHTR.O> decision
to invest $25 billion in the United States and its previously
disclosed plan to hire 20,000 workers over four years.
At a White House event with the second-largest U.S. cable
company's Chief Executive Thomas Rutledge and Texas Governor
Greg Abbott, Trump praised Charter for planning to close its
offshore call centers and move them to the United States.
On a number of occasions, Trump has touted job announcements
at the White House that had been planned or announced
previously.
Much of the Charter announcement was not new. 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.
The company said in February 2016 it planned to close
foreign Time Warner Cable call centers and move the jobs to the
United States.
Charter, which has 24 million residential and business
customers in 41 states, said Friday it had committed to Trump to
hiring those workers within four years. It plans to invest $25
billion in broadband infrastructure and technology in the next
four years.
Last year, as part of winning approval to acquire the cable
networks from the Federal Communications Commission, Charter
agreed to extend high-speed internet access to another two
million customers within five years, with one million served by
a broadband competitor.
Charter also touted its plans to open a new bilingual call
center in McAllen, Texas and said it expects to employ 600 there
by the end of 2018.
