One of the main justification of the Federal Communications Commission (FCC) for repealing net neutrality rules was based on the prediction that deregulation would boost broadband network investment. However, this prediction has not been turned into reality. In 2018, Charter, Verizon, and Comcast reduced capital expenditures. In an earnings announcement, Comcast said that its cable division decreased 3 percent less on capital expenditures last year. According to MoffettNathanson estimates cited in a Light Reading article, Charter and Comcast are both expected to reduce cable capital expenditures in 2019.