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T-Mobile announces $14 bln share buyback program
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T-Mobile announces $14 bln share buyback program
Dec 13, 2024 4:53 AM

Dec 13 (Reuters) - U.S. wireless carrier T-Mobile

said on Friday it would buy back as much as $14 billion

worth of shares by 2025 end as part of its previously stated

plan to return up to $50 billion over the next three years to

shareholders.

Telecom companies such as Verizon, AT&T ( T ) and

T-Mobile are among the top dividend payers in the U.S.

Earlier this month, AT&T ( T ) said it plans to return more than

$40 billion to shareholders over the next three years through

dividends and share repurchases.

T-Mobile's latest shareholder return program is in addition

to the $19 billion announced in September 2023, running through

Dec. 31 this year.

The company on Friday also reiterated that it would allocate

about $80 billion in investments and capital returns through

2027.

T-Mobile, one of the top three wireless carriers in the

U.S., has attracted subscribers in a saturated telecom market

through its high-speed 5G plans that offer streaming perks.

The company expects adjusted free cash flow, a metric that

helps determine dividend payouts, to be between $18 billion and

$19 billion in 2027.

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