- AT&T is set to acquire Lumen's Mass Markets fiber business, aiming to expand its network to 60 million locations by 2030.
- The company maintains its 2025 financial guidance with an expected capital investment of $4.5-5 billion and free cash flow of $4 billion for Q2 2025.
- AT&T reaffirms commitment to a $10 billion share repurchase program, planning to buy back at least $3 billion in shares by year-end 2025.
Pascal Desroches, the Chief Financial Officer of AT&T (T, Financial), is slated to present at the 2025 Mizuho Technology Conference on June 10, where he will outline the telecom giant’s strategic growth initiatives. AT&T has reinforced its commitment to a comprehensive multi-year growth plan that prioritizes a customer-first approach, substantial network investments, and increased shareholder returns.
In a significant strategic move, AT&T announced the acquisition of Lumen's Mass Markets fiber business. This acquisition is poised to expand AT&T's fiber network footprint to approximately 60 million locations by the year 2030, enhancing its leadership in fiber connectivity.
For the second quarter of 2025, AT&T projects a capital investment in the range of $4.5 billion to $5 billion, alongside an anticipated free cash flow of $4 billion. The acquisition of Lumen's fiber business is expected to close in the first half of 2026, positioning AT&T for broader market involvement and growth in metropolitan areas.
AT&T continues to focus on delivering increased capital returns to shareholders, staying committed to a $10 billion share repurchase program. Of this, at least $3 billion is planned to be repurchased by the end of 2025, with the remainder to be completed by 2026. This approach underscores AT&T's strategic shift towards becoming a focused connectivity provider while adhering to financial discipline.
