AT&T reported robust fourth-quarter additions with 421,000 postpaid phone subscribers, 283,000 fiber broadband customers and 221,000 5G fixed wireless users. These gains marked the fourth straight quarter of accelerating wireless net additions and the highest quarterly fiber intake since 2019, underscoring successful execution of network investment plans and growing consumer demand for high-speed connectivity.

Management reiterated guidance for free cash flow to reach approximately $21 billion by 2028, up from an estimated $15 billion in the current year. Alongside continued deleveraging targets, AT&T outlined a commitment to return over $45 billion to shareholders through dividends and share repurchases over the next three years, reflecting confidence in cash-generation capacity and a focus on enhancing shareholder value.

During the earnings call, executives detailed plans to deploy additional fiber to over 10 million homes by 2026 and expand 5G network coverage to 200 million people by year-end. Capital expenditures are expected to remain in the mid-teens percent of revenue, with a strategic shift toward higher-return fiber and advanced wireless projects while phasing out legacy copper infrastructure.