Comcast to Boost CAPEX, issue $1000 Holiday Bonuses

Following the passage of the tax reform legislation, Comcast announced plans to increase its capital expenditures and to issue $1,000 bonuses to more than one hundred thousand eligible frontline and non-executive employees.

Comcast said it now plans to spend "well in excess of $50 billion over the next five years investing in infrastructure to radically improve and extend our broadband plant and capacity, and our television, film, and theme park offerings.

Further details will be disclosed in the upcoming earnings report on January 24th.