The activist investor wants AT&T to commit to increasing its dividend by 2% a year and spend of its remaining free cash flow on buybacks and half on debt repayment.

source https://finance.yahoo.com/m/8f48d80f-940c-31d6-83c3-9f0a82b4da1b/at%26t-ceo-randall-stephenson.html?.tsrc=rss