With the media business gone, AT&T expects to spend $24 billion on capital investments this year and sees cash flow of about $16 billion, down from $19.2...
The $100 million AT&T Discovery District on Commerce Street is the most visible addition to downtown Dallas during the pandemic.Dallas-based AT&T Inc., which is returning to its roots as a pure telecom company, showed investors Friday how it plans to balance expanding broadband services while paying for network upgrades and an $8 billion dividend.
With the media business gone, AT&T expects to spend $24 billion on capital investments this year and sees cash flow of about $16 billion, down from $19.2 billion last year, according to the statement. By 2024, capital spending will come down to $20 billion as bigger parts of the network buildouts are completed.
AT&T sees profit excluding some items this year in the range of $2.42 to $2.46 a share, up from $2.41 last year if WarnerMedia were excluded.Most analysts haven’t provided estimates for standalone AT&T as they awaited the company’s outlook and a better sense of timing for the WarnerMedia spinoff. AT&T reiterated Friday that it expects the deal to close early in the second quarter.
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