Tag: AT&T debt
On October 10, Senator Elizabeth Warren urged AT&T (T) to reject activist investor Elliott Management’s plan to restructure its business.
This week, AT&T CEO Randall Stephenson noted that AT&T (T) is on track to reduce its leverage multiple to about 2.5x by the end of this year.
AT&T’s Q2 operating cash flow rose 39.6% YoY to $14.3 billion. AT&T expects its free cash flow to grow 25.3% YoY to $28 billion in 2019.
AT&T (T) stock rose 9% in pre-market trading after Elliott Management disclosed stake in the company worth $3.2 billion today.