AT&T Says It Continues To Make Progress On Its Sustainable, Long-Term Growth Strategy; Remains On Track To Meet All Of Its Consolidated Financial Guidance
Portfolio Pulse from Benzinga Newsdesk
AT&T is progressing on its sustainable growth strategy, maintaining its 2024 capital investment forecast at $21-22 billion for 5G and fiber. The company aims for $2 billion+ in cost savings by mid-2026 and targets a net-debt to adjusted EBITDA ratio of 2.5x by early 2025.
September 04, 2024 | 9:09 pm
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AT&T is committed to its long-term growth strategy, focusing on 5G and fiber investments, cost savings, and debt management. The company plans to invest $21-22 billion in 2024 and achieve $2 billion+ in cost savings by 2026.
AT&T's focus on 5G and fiber investments, along with cost-saving measures, indicates a strong commitment to growth and financial stability. This is likely to positively impact investor sentiment and the stock price in the short term.
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