AT&T's 2019 challenge: Reversing a shrinking TV audience and paying down billions in debt
https://www.dallasnews.com/business/att/2019/01/30/atts-2019-challenge-reversing-shrinking-tv-audience-paying-billions-debt
At the time, Stephenson said tax reform would allow AT&T to invest $1 billion more in its business and create thousands of new jobs. “Research indicates that every $1 billion in telecom capital investment in the United States creates about 7,000 more good-paying U.S. jobs,” he wrote in the company’s annual report in 2017.
....But AT&T officials have since said that refers to new work in the broader economy, such as companies that dig up streets to lay fiber.