AT&T, Verizon Rank at Top of List for Capex Spending
AT&T and Verizon headed the list of the top 25 companies ranked by capital expenditures in 2015, a report by the Progressive Policy Institute said. AT&T was tops on the list, with $18.7 billion in capex spending, followed by Verizon…
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at $16.5 billion. Comcast was eighth at $8.4 billion and Time Warner Cable 21st at $4.4 billion. “The top 25 investment heroes” invested almost $177 billion in the U.S. in 2015, the report said. That’s a 2.9 percent increase over 2014. “AT&T and Verizon invested large sums to maintain and expand their networks again this year,” PPL said. “However, according to our estimates, AT&T’s capital expenditure was down by 11.6 percent as compared to the previous year. Verizon boosted domestic capital expenditures in its wireless operations in 2015 in order to increase the capacity of its 4G LTE network. However, this rise in investment was largely offset by a decrease in their wireline segment capital spending, resulting in a net increase in investment of only 3.4 percent as compared to 2014.”