Reported 1 day ago
AT&T Inc. forecasts substantial profit growth over the next three years, including double-digit increases in 2027, driven by investments in mobile and fiber-optic networks. The company announced a $20 billion share buyback, alongside maintaining an annual cash dividend of $1.11 per share. AT&T plans to complete the sale of DirecTV in early 2025, which supports its return to core telecom operations. CEO John Stankey emphasized that these strategies are paving the way for significant growth and shareholder returns, while the company aims for a net debt reduction ratio of 2.5 times adjusted earnings by mid-2025.
Source: YAHOO