AT&T Commits $250B to Network Expansion, Reaffirms $45B Shareholder Returns
AT&T will invest over $250 billion through 2028 to expand fiber and wireless networks, workforce training, and network resilience, marking its largest infrastructure push since its founding. The company reiterated full-year 2026 adjusted EPS guidance of $2.25–2.35 and plans to return over $45 billion to shareholders from 2026 to 2028.
1. $250 Billion Infrastructure Commitment
AT&T announced a $250 billion investment over the next five years to expand its fiber-to-the-home footprint, enhance wireless 5G coverage, and deliver always-on connectivity solutions. The initiative includes major deployments in underserved regions, upgrades to network resilience, and investments in workforce training to support the buildout.
2. Reiterated Financial and Operational Guidance
The company reaffirmed its full-year 2026 adjusted EPS target of $2.25 to $2.35, above consensus estimates, and projected adjusted EBITDA growth of 3%–4% in 2026, rising to at least 5% by 2028. Management underscored its commitment to a double-digit three-year EBITDA CAGR through 2028 driven by advanced connectivity gains.
3. $45 Billion Shareholder Return Plan
AT&T plans to return more than $45 billion to shareholders via dividends and share buybacks from 2026 through 2028. This capital return strategy supports a sustained dividend yield and balances reinvestment in infrastructure with delivering shareholder value.
4. Enhancing Network Resilience and Competitiveness
The investment aims to modernize critical telecommunications infrastructure to withstand future demand surges, cyber threats, and natural disasters. By strengthening network resilience and connectivity competitiveness, AT&T seeks to solidify its leadership position in the U.S. telecom market and unlock long-term revenue growth.