T-Mobile board approves up to $1.5 billion buyback program


(Reuters) – U.S. wireless carrier T-Mobile US Inc (TMUS.O) said on Wednesday its board authorized a buyback program for up to $1.5 billion of the company’s common stock.

FILE PHOTO: A T-Mobile logo is advertised on a building sign in Los Angeles, California, U.S., May 11, 2017. REUTERS/Mike Blake/File Photo

The stock repurchase program would take place through Dec. 31, 2018, the company said.

Chief Financial Officer Braxton Carter said in November that the company would propose a “significant” share buyback that could start in December, signaling the company is confident in its outlook following the collapse of deal talks with Sprint Corp (S.N).

Reporting by Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila

Our Standards:The Thomson Reuters Trust Principles.

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