Ahead of its Investor Day, AT&T is announcing its intention to redistribute at least $40 billion to its shareholders in the form of share buybacks or dividends over the next three years.

As part of this, the telecom operator intends to maintain its dividend at an annualized rate of $1.11 per share, and anticipates share buyback capacity of $20 billion or more, including a $10 billion tranche to be completed by the end of 2026.

In addition, AT&T unveils a strategy to expand the largest fiber-optic broadband network in the U.S. to more than 50 million locations by the end of 2029, while modernizing its wireless network.

Finally, it presents long-term financial targets, including annual service revenue growth in the low single-digit range and annual adjusted EBITDA growth of 3% or more from 2025-27.

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