(Reuters) – U.S. wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion of shares by the end of 2025 as part of a previously announced plan to return up to $50 billion to shareholders over the next three years to give.
Telecom companies such as Verizon, AT&T and T-Mobile are among the largest dividend payers in the US
Earlier this month, AT&T said it plans to return more than $40 billion to shareholders over the next three years through dividends and share buybacks.
T-Mobile’s latest shareholder return program is in addition to the $19 billion announced in September 2023 and runs through December 31 of this year.
The company also reiterated Friday that it would allocate about $80 billion in investments and capital returns through 2027.
T-Mobile, one of the three largest wireless carriers in the US, has attracted subscribers in a saturated telecom market through its high-speed 5G plans that offer streaming benefits.
The company expects adjusted free cash flow, a measure that helps determine dividend payments, to be between $18 billion and $19 billion in 2027.
(Reporting by Arsheeya Bajwa and Harshita Mary Varghese in Bengaluru; Editing by Shilpi Majumdar)
