NEW YORK, Dec. 3 (Xinhua) — AT&T anticipates earnings growth over the next three years thanks to the momentum of 5G and fiber services, the U.S. telecommunication giant announced on Tuesday.
According to a statement released by AT&T, the company expects consolidated service revenue growth in the low-single-digit range annually from 2025-2027, with mobility service revenue growth in the 2-3 percent range annually, and consumer fiber broadband revenue growth in the mid-teens annually.
Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) growth is forecast to be 3 percent or better annually from 2025-2027.
AT&T also expects its improved financial performance to support more than 40 billion U.S. dollars of shareholder returns through dividends and stock buybacks over the same time, including an initial 10 billion dollars of stock repurchase by the end of 2026.
“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 the statement.
The company said it’s looking to expand its fiber broadband network to more than 50 million locations by the end of 2029, and is actively working to exit its legacy copper network operations across the large majority of its wireline footprint by the end of that year as well.
AT&T said it is building a “more efficient, high-capacity, programmable and open network,” and by 2027, it expects to have largely completed the modernization of its 5G wireless network with open technology, with deep mid-band 5G spectrum covering over 300 million people by the end of 2026.
