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      "text": "3\nDeliberate capital\nallocation\nInvest for long-term growth – 5G\nand fiber\nStrengthen balance sheet by\nreducing net debt, with target of\nachieving net debt-to-adjusted\nEBITDA⁺¹ in the 2.5x range in the\nfirst half of 2025\nProvide an attractive dividend\nsupported by strong free cash flow",
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      "text": "1\nGrow durable 5G and\nFiber relationships\nExecute consistent and disciplined\ngo-to-market strategy with a\nfocus on profitable growth\nTarget underpenetrated segments\nand expand converged customer\nopportunities\nGenerate value by creating and\nmaintaining high-value, long-term\ncustomer relationships",
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      "text": "2\nEffective and efficient\nin everything we do\nAchieve incremental run-rate cost\nsavings target of $2B+ by mid-2026\nDrive efficiencies, enhanced\ncustomer experiences and scale\nbenefits with Al\nExpand 5G and fiber premium\nservices, enabling transition from\nlegacy infrastructure",
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      "text": "© 2024 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies.\n† See notes slide 15",
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