AT&T might consider selling non-core assets, including its cellular towers and a stake in America Movil, to give itself more room for manoeuvre financially.

Executives from the company have suggested the possibility of selling such assets at recent meetings with investors and analysts.

“We’ve seen others in the industry sell noncore assets, and if we wanted additional flexibility, that could be an option for us too,” confirmed an AT&T spokesperson to Bloomberg.

However the company executives did not say they were actively looking at asset sales during the meetings with investors and analysts. The conversations appeared more about bolstering confidence in AT&T’s ability to return cash to shareholders.

AT&T is facing a $14 billion investment in its network, as well as a stock buyback of $11 billion and its 4.9 per cent annual dividend to pay investors, although the operator will deliver an estimated $14.8 billion in free cashflow in 2013.

The option to sell non-core assets would give the operator greater flexibility if needed. Analysts estimate it could raise about $3.8 billion from selling its portfolio of cellular towers.

And its 9.6 per cent stake in America Movil is worth approximately $7 billion. In addition, it has real-estate holdings that could also be sold if further funds were needed.