AT&T eyes road to $28bn free cash flow as $20bn buyback planned
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AT&T Inc plans to achieve over $28 billion in free cash flow by 2027, with a $20 billion buyback and a goal to double fiber availability to 50 million households by 2029.
December 03, 2024 | 3:00 pm
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AT&T Inc aims for over $28 billion in free cash flow by 2027, plans a $20 billion buyback, and intends to double fiber availability to 50 million households by 2029.
The announcement of a $20 billion buyback is likely to positively impact AT&T's stock price in the short term as it signals confidence in the company's financial health and commitment to returning value to shareholders. Additionally, the ambitious plan to double fiber availability could enhance long-term growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100