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AT&T announces new financial growth targets to calm shareholder concerns

2019-10-28 13:49:00| Telecompaper Headlines

(Telecompaper) AT&T has announced new financial targets for the coming three years, following pressure from shareholders such as Elliott Management to rethink its strategy. The aim is to grow revenues 1-2 percent per year, improve margins through cost savings and divest more assets in order to boost free cash flow and shareholder returns while reducing debt. While two new directors will be appointed in the next two years, AT&T maintained its commitment to Randall Stephenson as CEO, who will stay on through 2020 at least. 

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