Leading telcos, cable companies and application providers were clearly among the U.S. firms making the biggest 2013 domestic capital investments, according to the Progressive Policy Institute.
A study of the top 25 firms with the highest domestic capital investment shows 2013 capital investments of $152.5 billion. Of the top 25 firms, number one was AT&T, which invested $21 billion. Number two was Verizon, which invested $15.4 billion.
Intel ranked seventh, committing $8.4 billion to domestic capex.
Comcast was seventh, investing $6.6 billion. Google was 12th, spending $4.7 billion. Apple ranked 15th, investing $3.8 billion.
Time Warner Cable was ranked 21, spending $3.2 billion in 2013. Microsoft, ranked 23rd out of 25, made an outlay of $3 billion. Amazon, at 25th position, invested $2.6 billion.
So when five of the top 25 say a new proposed change in regulation will cause a slowdown in domestic capital investment, that is a non-trivial matter, as would be the case if Google, Apple Intel and Microsoft were to argue that a proposed regulatory change would choke off their investment.
In fact, AT&T, Verizon, Comcast and Time Warner represent 30 percent of 2013 domestic capital investment made by the top 25 firms, investing $46.2 billion.
The software firms--Google, Amazon, Microsoft--invested $10.3 billion, or nearly seven percent of domestic capex by the top 25 U.S. firms.
Apple and Intel invested $12.2 billion, representing eight percent of domestic capex by the top 25 firms.
One might simply note it is a big deal if new regulations slow down investment by the ISPs that represent 30 percent of total capex by the top 25 U.S. firms.
Over a three-year period, AT&T ranked first of 10, investing $60.5 billion. Verizon was second at $46.6 billion. Intel ranked sixth at $24.6 billion. Comcast was ninth at $17.6 billion. No app or device suppliers made the list of the top 10.
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