With both the Senate and House passing the GOP tax plan, AT&T (T) reiterated its plan to invest an additional $1B in the U.S. next year if the bill is signed into law, which is now expected to happen soon. 

ADDITIONAL $1B IN 2018: Once the new tax reform bill is signed into law, AT&T plans to invest an additional $1B in the U.S. in 2018, the company announced. “This bill will spur much-needed investment and economic growth in the U.S.,” said Randall Stephenson, AT&T chairman and CEO. The company also said it will pay a special $1,000 bonus to more than 200,000 AT&T U.S. employees – all union-represented, non-management and front-line managers. “If the President signs the bill before Christmas, employees will receive the bonus over the holidays,” added the company.

SUPPLIERS: According to Bloomberg, Nokia (NOK), MasTec (MTZ), Ericsson (ERIC), Cisco (CSCO), Dycom (DY), Juniper (JNPR), Corning (GLW), American Tower (AMT) and Crown Castle (CCI) are among the companies that derive significant revenue from AT&T.

WHAT’S NOTABLE: The U.S. Department of Justice has sued to stop the telecommunications giant from buying Time Warner (TWX) due to concerns that it could raise prices for competitors and pay-TV subscribers and hinder the development of online video. The DOJ and and AT&T have held unsuccessful settlement discussions over the company’s efforts to buy the media company, Reuters recently reported.

PRICE ACTION: In afternoon trading, shares of AT&T have gained over 1% to $38.48.