Verizon won’t be using tax cut to boost spending on network upgrades

Enlarge (credit: Getty Images | Spencer Platt)

FCC Chairman Ajit Pai's claim that repealing net 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 this year, 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....

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