1 day Ago By Reuters
(Reuters) -T-Mobile said on Wednesday it expects adjusted free cash flow between $18 billion and $19 billion in 2027 as the telecom operator laid out a three-year growth plan at its Capital Markets Day event in San Francisco. The company outlined its expectations for growth on the back of strong customer additions, as well as new tech collaborations with AI chip firm Nvidia and ChatGPT maker OpenAI. T-Mobile, one of the top three carriers in the United States, has seen increased adoption of its premium plans that offer streaming packages along with unlimited offerings.
In July, it added 777,000 postpaid phone customers, which was the highest in the industry for the second quarter. T-Mobile said on Wednesday it expects to return up to $50 billion to shareholders through 2027 via a combination of share buybacks and dividends. Analyst had expected the company to report adjusted free cash flow of $18.
9 billion for 2027, according to Visible Alpha. The company also forecast core adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) to be between $38 billion and $39 billion in 2027. T-Mobile expects to add 12 million 5G broadband customers by 2028, CEO Mike Sievert said.
The company said it will work with OpenAI to launch a new AI decision making platform called IntentCX for more personalized customer solutions. T-Mobile also announced a collaboration with Nvidia, Ericsson, and Nokia to design mobile networks using AI. “The investments we make in all of our future network capabilities fit within the $9 to $10 billion capex envelope that we’re outlining,” Sievert added.
The company’s shares, which have gained more than 20% so far this year, closed down 2.97% at $196.68.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Alan Barona and Shounak Dasgupta) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.
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