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BELLEVUE, Wa. — Wireless carrier T-Mobile said on Friday it would buy back as much as $14 billion worth of shares by 2025 end as part of its previously stated plan to return up to $50 billion over the next three years to shareholders.
Telecom companies such as Verizon, AT&T and T-Mobile are among the top dividend payers in the U.S.
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 repurchases.
T-Mobile's latest shareholder return program is in addition to the $19 billion announced in September 2023, running through Dec. 31.
The company on Friday also reiterated that it would allocate about $80 billion in investments and capital returns through 2027.
T-Mobile, one of the top three wireless carriers in the U.S., has attracted subscribers in a saturated telecom market through its high-speed 5G plans that offer streaming perks.
However, it also has been impacted by outages, including one that took place in Utah just last month, and it was also the victim of a Chinese cyberattack a few days later.
The company expects adjusted free cash flow, a metric that helps determine dividend payouts, to be between $18 billion and $19 billion in 2027.
