AT&T Projects $18 Billion Free Cash Flow by 2027 with $40 Billion in Shareholder Returns

The telecom giant focuses on 5G and fiber expansion while maintaining dividends and initiating major stock buybacks.

AT&T plans to return over $40 billion to shareholders through dividends and $20 billion in stock buybacks by 2027.
The company forecasts free cash flow to exceed $18 billion in 2027, with annual growth of approximately $1 billion starting in 2025.
AT&T aims to double its fiber network, reaching 50 million locations by 2029, and modernize its 5G network to cover 300 million people by 2026.
The sale of its remaining 70% stake in DirecTV for $7.6 billion is expected to close by mid-2025, allowing AT&T to focus on core telecom services.
Annual capital investments will remain steady at $22 billion, supporting infrastructure expansion and sustained profit growth through 2027.