DALLAS, Dec. 9, 2024 /PRNewswire/ — The following day, AT&T’s leading government officer will take part in a fireplace chat the place he’s going to speak about the Corporate’s multi-year strategic expansion plan.

Key Takeaways:

• AT&T is embarking on a multi-year strategic expansion plan that facilities round striking shoppers first and persisted community funding.
• AT&T continues to assemble journey on turning into the most productive connectivity supplier in The united states and extra on course to fulfill all the monetary and operational steerage shared throughout its 2024 Analyst & Investor Presen.

John Stankey, leading government officer, AT&T Inc. (NYSE:T), will talk day after today on the UBS World Media & Communications Convention the place he’s going to handover an replace to shareholders. Stankey is anticipated to safeguard key subjects mentioned beneath.

AT&T’s multi-year strategic expansion plan will considerably exit its journey on turning into the most productive connectivity supplier in The united states

On account of the investment-led technique introduced at its 2024 Analyst & Investor Day, the Corporate expects to be in a differentiated place inside the connectivity business by means of the top of the last decade. 

In Mobility, the Corporate is construction a extra environment friendly, high-capacity, programmable and available community. By means of 2027, it expects to have in large part finished the modernization of its 5G wi-fi community with available era, with deep mid-band 5G spectrum protecting 300 million+ public by means of the top of 2026.

In broadband, the Corporate already has the biggest fiber broadband community in The united states. By means of the top of 2029, it expects to succeed in 50 million+ general places with fiber¹. This comprises expectancies to go about 45 million places via its natural fiber deployment and to provide 5 million+ fiber places via Gigapower, its three way partnership with Blackrock, in addition to via promises with industrial open-access suppliers. 

Those collective efforts build up AT&T’s alternative to provide shoppers how they wish to be served, by means of one supplier in a converged approach. Future construction the community of the time, the Corporate is actively running to progress its legacy copper community operations around the immense majority of its wireline footprint by means of the top of 2029.

AT&T extra on course to fulfill all the monetary and operational steerage shared throughout its 2024 Analyst & Investor Presen

As mentioned throughout the Corporate’s 2024 Analyst & Investor Presen, it expects 2025 Independent Money Wave of $16 billion+, when except DIRECTV. The predicted drivers of later 12 months’s independent money wave expansion come with Adjusted EBITDA expansion, decrease money pastime from decrease debt balances, the being lacking community termination rate bills in 2025 and decrease running capital affects in 2025 in comparison to 2024. This stuff are anticipated to greater than offset an anticipated build up in money taxes.

AT&T expects its multi-year strategic plan to handover $50 billion+ of monetary capability over the later 3 years, in large part via natural expansion. Monetary capability represents expected independent money wave nearest distributions to noncontrolling pursuits, plus anticipated money bills from the introduced word of honour to promote AT&T’s stake in DIRECTV to TPG, in addition to web borrowing capability nearest the Corporate achieves its web leverage goal.

The Corporate continues to be expecting to reach its web leverage goal of net-debt-to-adjusted EBITDA within the 2.5x length within the first part of 2025 and guard leverage inside this length via 2027.

The Corporate expects to go back $40 billion+ of this monetary capability to shareholders via dividends and percentage repurchases. Beneath this capital go back plan, the Corporate expects to guard its stream annualized familiar accumulation dividend of $1.11 in step with percentage. This plan would lead to $20 billion+ in general dividend bills, with capability for approximately $20 billion in percentage repurchases, from 2025-2027.

The plan additionally contemplates roughly $10 billion in incremental monetary flexibility for pieces reminiscent of doable natural or inorganic strategic expansion investments, debt reimbursement, redemptions of noncontrolling pursuits, or alternative dividends or percentage repurchases.

Music in for the fireplace chat with John Stankey on the UBS World Media & Communications Convention, scheduled to start out at 8:15 a.m. ET. The webcast might be to be had reside and for replay at AT&T Investor Relations.

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¹ “Total locations” comprises shopper and trade places (i) handed with fiber and (ii) served with fiber via industrial open-access suppliers.

Cautionary Language Relating to Ahead-Taking a look Statements

Knowledge poised forth on this information reduce incorporates monetary estimates and alternative forward-looking statements which can be topic to dangers and uncertainties, and unedited effects may vary materially. A dialogue of things that can have an effect on time effects is contained in AT&T’s filings with the Securities and Trade Fee. AT&T disclaims any legal responsibility to replace and revise statements contained on this information reduce according to brandnew knowledge or differently. This information reduce would possibly include positive non-GAAP monetary measures. Reconciliations between the non-GAAP monetary measures and the GAAP monetary measures are to be had at the corporate’s web page at investors.att.com.

About AT&T 
We aid greater than 100 million U.S. households, pals and neighbors, plus just about 2.5 million companies, tie to larger risk. From the primary telephone name 140+ years in the past to our 5G wi-fi and multi-gig web choices these days, we @ATT innovate to toughen lives. For more info about AT&T Inc. (NYSE:T), please consult with us at about.att.com. Traders can be informed extra at investors.att.com.

© 2024 AT&T Highbrow Trait. All rights reserved. AT&T and the Globe emblem are registered emblems of AT&T Highbrow Trait.

SOURCE AT&T

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