AT&T has revealed an ambitious plan to return more than $40 billion to shareholders, primarily through stock buybacks and dividends, as part of its strategic focus on expanding its 5G and fiber networks. The telecom giant expects to generate over $18 billion in free cash flow by 2027, driven by its infrastructure investment and optimization following its exit from the media business. The company is gearing up for significant buyback initiatives, with expectations of $20 billion allocated for the next three years, alongside a pledge for substantial earnings growth. AT&T aims to strengthen its financial outlook while enhancing shareholder value amid a changing industry landscape.