Randall Stephenson, chair and CEO of AT&T, is delivering an upbeat presentation to Wall Street analysts today. In a webconference set to begin at 10 a.m. EST, Stephenson will lay out reasons why he believes the company’s recent acquisitions, including DirecTV, mean more growth.

The company also will report that sales of its ultra-fast Internet service called GigaPower are exceeding expectations. The Internet offering is being offered in various areas across the Triangle.

AT&T (NYSE: T) projects in new financial guidance:

  • Double-digit consolidated revenue growth due to its DIRECTV acquisition;
  • Adjusted earnings per share in the $2.62 – $2.68 range;
  • Capital spending to be in the $21 billion range, including capitalized interest from spectrum;
  • Free cash flow in the $13 billion range or better with an improving free cash flow dividend payout ratio.

From 2016 through 2018, AT&T now projects:

  • Consolidated revenue growth in line with GDP growth or better;
  • Adjusted earnings per share growth in the mid-single digit range;
  • Adjusted consolidated margins that expand from current levels;
  • Capital intensity, including merger-related items, in the 15 percent range of revenues or lower;
  • Improving free cash flow with a free cash flow dividend payout ratio in the 70s percent range.

In addition to DIRECTV, AT&T recently added Mexican wireless properties Iusacell and Nextel Mexico.

“We’re a different company than when we began the year and it shows in what we’ll be able to offer customers and in our financial outlook. We’ve diversified our capabilities, added significant scale in video and mobility, and can now deliver integrated services that set us apart from the competition,” Stephenson said in a statement “With our national retail presence, coast-to-coast TV and mobile coverage, and pervasive broadband footprint, we’re positioned like no other to lead the evolution of video and shape the future of the industry. We have the premier set of assets to redefine TV everywhere and deliver an entertainment experience that is truly unique.”