A fresh 300M shares (5.5% of outstanding shares) have been added to AT&T's (T) buyback plan....

|By:, SA News Editor

A fresh 300M shares (5.5% of outstanding shares) have been added to AT&T's (T) buyback plan. The latest addition follows 300M-share plans approved in July '12 and Dec. '10. AT&T, whose capex is about to rise as it tries to match Verizon's 4G coverage and modernize its wireline ops, says it expects to maintain a net debt-to-adjusted EBITDA ratio of 1.8 or less. Since its buybacks commenced last year following the scuttling of the T-Mobile deal, the telco has repurchased 539M shares (9% of outstanding shares), boosting EPS in the face of flatlining revenue. (PR)