AT&T Inc. on Tuesday announced a US$5.5 billion term-loan agreement, which it said would give the company 'financial flexibility' during the ...
AT&T Inc. on Tuesday announced a US$5.5 billion term-loan agreement, which it said would give the company"financial flexibility" during the coronavirus outbreak.
The U.S. telecoms and media giant also reaffirmed its commitment to pay a dividend, which helped send its shares up 2.8per cent in morning trading.AT&T has been targeted by shareholder activists over its large debt load, accumulated over a buying spree that transformed it into a media and telecoms conglomerate. It said on its investor page that the new loan agreement, with five banks, would"provide additional financial flexibility to an already strong cash position.
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