- T-Mobile US Inc (NASDAQ:TMUS) said its board authorized a $14 billion stock buyback program, poised to run till September 30, 2023.
- The company intends to fund the repurchases from available cash on hand and proceeds of one or more debt issuances or other borrowings.
- TMUS specified in the regulatory filing that its controlling stockholder, Deutsche Telekom AG (OTC:DTEGY) (OTC:DTEGY), has no present intention of selling common stock pursuant to the repurchase program.
- TMUS held $3.2 billion in cash and equivalents as of June 30, 2022.
- Price Action: TMUS shares are trading higher by 1.65% at $147.77 in premarket on the last check Friday.
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Viking Holdings Sees Strong Early Bookings For 2024 And 2025, Analysts Optimistic About Pricing Power And Market Position
BofA Securities reiterates a Buy rating on VIK, with a price target of $35. Analyst Andrew G. Didora highlights VIK's strong 1Q24 results, with EBITDA of $(4.4)M surpassing expectations.
