Trump says Charter to invest $25 bln in U.S., hire 20,000 workers

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    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

    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
    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.
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