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AT&T stock jumps as company shares plans for 5G, fiber growth

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The improved financial performance is expected to support more than $40 billion of anticipated shareholder returns through dividends and stock buybacks.

AT&T on Tuesday outlined new long-term financial goals it says will be powered by its wireless and broadband services as it works to wind down its legacy landlines — and leaves the media business behind. As a result, the Dallas company expects its free cash flow to be more than $18 billion in 2027, the company said as it detailed a three-year vision for the business to expand its 5G and double its fiber services across the United States.

Learning from losses — What can San Antonio gain from hard truths about AT&T’s departure? “Over the last four years, we’ve achieved durable and profitable subscriber growth, generated attractive returns on network investment, and strengthened our balance sheet,” AT&T CEO John Stankey said in a statement. He took the reins in 2020 and was one of the executives who, in 2008, made the decision to move the company from San Antonio.

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