EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Interfax news agency, Russian troops have also taken control of the village of Lyubitsk in the Zaporizhzhia region of Ukraine.According to Interfax news agency, Russian troops have taken control of the village of Olgievka in the Kharkiv region of Ukraine.August 1st - According to US sources on July 31st, during his recent visit to the US, Ukrainian President Volodymyr Zelenskyy requested that US President Donald Trump and other US officials persuade SpaceX founder Elon Musk to allow the Ukrainian military to use SpaceXs Starlink satellite internet system to strike ballistic missile launchers within Russia. Currently, Russia has begun deploying a low-orbit satellite system similar to Starlink. On July 31st, multiple sources indicated that Zelenskyy held a closed-door meeting with Trump at the White House on July 28th, making the aforementioned request in person. According to Zelenskyy, Ukraine needs to conduct "more precise strikes" against Russian ballistic missile launchers before winter to prevent Russia from launching a winter offensive and intensifying its attacks on Ukrainian energy facilities.On August 1, Geely Automobile Group announced that its July sales reached 250,161 vehicles, setting a new record for the same period; overseas export sales reached 107,000 vehicles, setting a new monthly record; new energy vehicle sales reached 160,165 vehicles, a year-on-year increase of 23%; and new energy vehicle export sales reached 62,604 vehicles, a year-on-year increase of 616%.On August 1st, Jiang Lue, spokesperson for the China Coast Guard, stated that the China Coast Guard conducted a rights protection and law enforcement control drill in the waters near Huangyan Island. The drill focused on enforcement actions such as boarding and seizure, interception and intrusion, and forced towing. Huangyan Island is an inherent part of Chinas territory. The China Coast Guard will intensify its rights protection and law enforcement control efforts in the waters near Huangyan Island, resolutely safeguarding national territorial sovereignty and maritime rights.

T-Mobile announces a $14 billion buyback of its shares

Aria Thomas

Sep 09, 2022 10:32

8.png


T-Mobile US (NASDAQ:TMUS) Inc. announced on Thursday a $14 billion share repurchase program that would run through September of next year in an effort to reward shareholders for outperforming competitors.


In after-hours trading, its shares rose 2.8% to $149.47. Compared to rivals AT&T (NYSE:T) and Verizon (NYSE:VZ20.5%), the stock has risen by 25.3% so far this year, while both have fallen by 9.7%.


T-free Mobile's cash flow is expected to increase in the next years, according to industry analysts, as expenses related to the acquisition of rival Sprint Corp decline and more customers sign up for the telecom company's 5G networks at competitive prices.


The announcement of the repurchase comes one day after T-Mobile announced the sale of its landline business to Cogent Communications Holdings Inc in order to concentrate more on 5G.


The company intends to fund the repurchases with cash on hand and revenues from one or more loan offerings or other borrowings.


T-Mobile management stated during last year's investor day that the company anticipated free cash flow growth to finance $60 billion in stock buybacks between 2023 and 2025.

Suggestion