07:01 AM EST, 12/13/2024 (MT Newswires) -- T-Mobile US ( TMUS ) said in a regulatory filing Friday that its board has approved a new $14 billion shareholder return program running through Dec. 31, 2025.

The program will include share repurchases and cash dividends and will be funded with cash on hand and potential debt issuances or other borrowings.

T-Mobile said the new program is in addition to the existing program expiring on Dec. 31, 2024.

The program is part of the company's previously announced business plan to allocate up to $80 billion in investments and capital returns between Sept. 18, 2024, and the end of 2027, including $50 billion for share repurchases and cash dividends.