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AT&T upgrades growth outlook after acquisitions
2015-08-12 14:37:00| Telecompaper Headlines
(Telecompaper) AT&T has updated its financial guidance to take account of the acquisitions of DirecTV and Mexican operator Iusacell and Nextel, predicting revenue, earnings and free cash flow growth each year to 2018. For 2015, the first year of consolidating the takeovers, the US-based operator expects double-digit revenue growth, adjusted EPS of USD 2.62-2.68 and free cash flow of at least USD 13 billion. For the next three years (2016-2018), AT&T expects its revenue to grow in line with GDP or better, adjusted EPS growth in a mid single-digit range or better, improving free cash flow, and a dividend pay-out of ratio from free cash flow in the 70s percent range. The forecasts were outlined at an analyst meeting held by the company.
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Category:Telecommunications