AT&T, Inc.

NYSE:T  
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Other Pre-Announcement

AT&T Expects To Spend $6-8 Bln In Capex Deploying C-band Spectrum

Published: 03/12/2021 13:20 GMT
AT&T, Inc. (T) - At&t Provides Update on Strategy, Financial Outlook.
Expects Between 120 Million and 150 Million Worldwide Hbo Max and Hbo Subscribers by End of 2025.
Expects to Spend $6-8 Billion in Capex Deploying C-band Spectrum, With Vast Majority of Spend Occurring From 2022 to 2024.
Sees Hbo Max International Expansion and Avod Launch in June.
Expected C-band Deployment Costs Are Already Included in Company's 2021 Capex Guidance and in Its Leverage Ratio Target for 2024.2021 Guidance Unchanged.
Investment in C-band Spectrum Via Auction 107 Totals $27.4 Billion.
Expects to End 2021 With a Net Debt-to-adjusted EBITDA Ratio of About 3.0x.
During 2024, At&t Expects to Reach a Net Debt-to-adjusted EBITDA Ratio of 2.5x Or Lower.
FY2021 Earnings per Share View $3.14, Revenue View $173.03 Billion -- Refinitiv Ibes Data (analyst estimates).
In 2021, At&t Plans to Increase Its Fiber Footprint by an Additional 3 Million Customer Locations Across More Than 90 Metro Areas.