AT&T unveiled a three-year plan to expand its 5G and fiber services, expecting free cash flow to surpass $18 billion in 2027. The company aims to double its fiber internet availability and enhance its 5G network, targeting over 50 million fiber locations by 2029. Bundled discounts on fiber and wireless services and unlimited plans have boosted subscriber growth. AT&T plans $22 billion in annual capital investment and aims to return over $40 billion to shareholders via dividends and buybacks through 2027. The company increased its 2024 EPS forecast to align with analyst expectations.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02AT&T unveiled a three-year plan to expand its 5G and fiber services,
00:06expecting free cash flow to surpass $18 billion in 2027.
00:11The company aims to double its fiber internet availability and enhance its 5G network,
00:15targeting over 50 million fiber locations by 2029.
00:19Bottle discounts on fiber and wireless services and unlimited plans have boosted subscriber growth.
00:24AT&T plans $22 billion in annual capital investment
00:28and aims to return over $40 billion to shareholders via dividends and buybacks through 2027.
00:34The company increased its 2024 EPS forecast to align with analysts' expectations.