AT&T Inc.
AT&T Announces Strategic Plan and Share Repurchase Authorization
Summary
On December 3, 2024, AT&T Inc. (NYSE: T) announced a strategic plan to expand its fiber broadband network to over 50 million locations by the end of 2029, modernize its 5G network, and improve shareholder returns. The company expects to achieve consolidated service revenue growth, adjusted EBITDA growth, and capital investment targets. AT&T also announced a share repurchase authorization of up to $10 billion, to be completed by the end of 2026, and expects to return over $40 billion to shareholders through dividends and share repurchases over the next three years. Additionally, AT&T plans to recast its adjusted diluted earnings per share and free cash flow to exclude results from its DIRECTV equity method investment starting from the first quarter of 2025.
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About AT&T Inc.
AT&T Inc. is a leading telecommunications conglomerate that provides a wide array of communication services. Its primary function is to offer wired and wireless voice and data telecommunications services to consumers, businesses, and governmental agencies. AT&T operates prominent brands such as AT&T Mobility, offering wireless voice and data services, and provides broadband subscription television services through its subsidiary, DirecTV. The company plays a significant role in pioneering broadband networks and building advanced mobile and 5G infrastructures, impacting various sectors such as media, entertainment, and technology. Headquartered in Dallas, Texas, AT&T also holds a strategic position in content distribution following its acquisition of Time Warner, diversifying with ventures into media production and streaming services. AT&T continues to be a driving force in shaping global communications and media landscapes by maintaining robust connectivity solutions and content delivery mechanisms.
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