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General

AT&T puts focus on reducing debt, as well as investments into fibre, 5G and entertainment content

Friday 11 September 2020 | 11:05 CET | News
AT&T CFO John Stephens said AT&T is confident it can continue to strengthen its balance sheet while also investing for targeted growth in both fibre and 5G, and software-based entertainment like HBO Max and AT&T TV. The company has reduced debt maturing over the coming four years by USD 23 billion, an improvement of USD 8 billion since the end of June. Looking ahead, Stephens said the carrier will "opportunistically" use excess cash flow to further reduce debt levels. It will do this while continuing its support for dividend payments. For this full year, AT&T expects its dividend payout ratio

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Categories: General
Companies: AT&T / HBO
Countries: United States
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