AT&T, the world’s largest telecommunications group, on Tuesday announced an aggressive share buy-back programme worth nearly $16bn and its biggest dividend increase so far, underscoring a bullish outlook presented by Randall Stephenson, chief executive.
Investors pushed shares in the US telecommunications giant up by more than 6 per cent in the wake of the moves designed to boost shareholder returns, which were unveiled by Mr Stephenson at the company’s annual meeting with analysts in New York.
