AT&T's John Stankey to Discuss Strategic Growth at UBS Conference on December 10

John Stankey's Insights on AT&T's Future

On December 10, 2024, AT&T's chief executive officer, John Stankey, will engage in a fireside chat at the UBS Global Media and Communications Conference. This important event marks a pivotal moment for the telecommunications giant as it seeks to update and engage shareholders about its multi-year strategic growth plan. Stankey is expected to elaborate on the company's vision of enhancing connectivity and achieving a customer-first approach.

A Bold Growth Strategy

AT&T has embarked on a transformative strategic growth plan focused on prioritizing customer needs and significant network investments. Stankey aims to position AT&T as the leading connectivity provider in the U.S., reinforcing this commitment during his presentation at the conference.

The company’s strategic growth plan outlines ambitious goals. By the end of the decade, ATT intends to differentiate itself in the competitive connectivity industry through an investment-led strategy highlighted during its 2024 Analyst Investor Day. Key facets of this expansive plan include modernizing its 5G network while simultaneously expanding its fiber broadband infrastructure.

Enhancing Mobility and Broadband

In the mobility sector, AT&T is committed to developing an efficient, high-capacity, programmable, and open network. The modernization of its 5G wireless network is projected to be largely completed by 2027, aiming to cover over 300 million people with deep mid-band 5G spectrum by the end of 2026. This advancement is essential for keeping pace with technological evolution and customer expectations.

Meanwhile, in broadband services, AT&T proudly leads with the largest fiber broadband network in America. The company is set to enhance its reach significantly, with plans to serve over 50 million locations by the end of 2029. This ambitious target includes organic fiber deployments and collaborations through its Gigapower joint venture with Blackrock.

This comprehensive growth plan aligns with AT&T's goal of providing a unified service experience, allowing customers to access all their connectivity needs from one provider. As part of modernizing infrastructure, the company will also focus on phasing out legacy copper network systems across most of its wireline footprint by the close of 2029.

Financial Metrics and Shareholder Returns

During his talk, Stankey will detail AT&T's expected financial trajectory following their growth strategy. The company anticipates a robust free cash flow exceeding $16 billion for 2025, excluding DIRECTV, primarily driven by expected Adjusted EBITDA growth, reduced cash interest from lowered debt levels, and operational efficiencies.

Furthermore, AT&T projects its strategy will yield over $50 billion in financial capacity throughout the upcoming three years, mainly sourced from organic growth. This financial advantage is anticipated to support substantial returns to shareholders, comprising over $40 billion through dividends and share buybacks under an established capital return program.

AT&T plans to sustain its current annual common stock dividend of $1.11 per share while championing share repurchase initiatives, which are expected to complement the financial health of the company.

Tune in for Valuable Insights

Investors and industry professionals alike should join John Stankey's fireside chat at the UBS Global Media and Communications Conference, beginning at 8:15 a.m. ET. The event promises to deliver valuable insights into AT&T's direction and future endeavors. A live webcast will be available, alongside a replay option for later viewers, ensuring that all interested parties can access this pivotal corporate update.

As AT&T continues to innovate and strengthen its position in the ever-evolving telecommunications landscape, Stankey's updates will provide crucial perspectives on the company's path forward.

For further information on AT&T and its financial news, stakeholders can subscribe to updates via email alerts on AT&T's official investor relations platform.