Four ISPs Are Among 2016 Investment Heroes

Today, the Progressive Policy Institute published "Investment Heroes 2016: Fighting Short-termism" by Michelle Di Ionno and Michael Mandel. Four of the investment heroes, the top 25 companies in terms of capital expenditures invested in the United States, are Internet service providers, including AT&T (ranked #1), Verizon (#2), Comcast (#8), and Time Warner Cable (#21). Although there is evidence that broadband providers have slowed their investments since the FCC adopted its Open Internet Order, these four companies invested over $40 billion in 2015, representing 23% of the all the investment heroes combined.