AT&T: targets free cash flow of 26 billion dollars in 2019
(CercleFinance.com) - US telecoms giant AT&T said late on Thursday that it expects free cash flow of around 26 billion dollars in 2019.
Following the acquisition of Time Warner, now known as "WarnerMedia," the group yesterday provided an update on its strategy.
The company said it expects total WarnerMedia synergies to reach a run rate of 2.5 billion dollars by the end of 2021.
About 1.5 billion dollars will be in cost synergies, AT&T said, while the remaining 1 billion dollars will be in revenue synergies.
WarnerMedia represents about 17% of the company's revenue.
AT&T also said that it expects adjusted EPS growth in "low single digits" in 2019.
However, AT&T shares didn't budge much following these latest developments, adding just 0.5% in pre-market trading on Friday.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Following the acquisition of Time Warner, now known as "WarnerMedia," the group yesterday provided an update on its strategy.
The company said it expects total WarnerMedia synergies to reach a run rate of 2.5 billion dollars by the end of 2021.
About 1.5 billion dollars will be in cost synergies, AT&T said, while the remaining 1 billion dollars will be in revenue synergies.
WarnerMedia represents about 17% of the company's revenue.
AT&T also said that it expects adjusted EPS growth in "low single digits" in 2019.
However, AT&T shares didn't budge much following these latest developments, adding just 0.5% in pre-market trading on Friday.
Copyright (c) 2018 CercleFinance.com. All rights reserved.