{"id":111880,"date":"2020-11-04T07:58:53","date_gmt":"2020-11-04T07:58:53","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=300949"},"modified":"2020-11-04T07:58:53","modified_gmt":"2020-11-04T07:58:53","slug":"att-eyes-new-directv-deal-option","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/11\/04\/att-eyes-new-directv-deal-option\/","title":{"rendered":"AT&T eyes new DirecTV deal option"},"content":{"rendered":"

<\/p>\n

\tAT&T considered the sale of a minority stake in its family of pay-TV businesses, CNBC reported, appearing to shift strategy after a proposed deal to offload its DirecTV unit alone elicited lowball offers.<\/p>\n

CNBC reported a proposal currently under consideration would span the operator\u2019s DirecTV, AT&T Now and U-verse units, with the operator ceding management of distribution operations but retaining control of fibre infrastructure used by the services. It could sell as much as a 49 per cent stake in the businesses, the outlet added.<\/p>\n

A number of private equity groups, including Apollo Management, were named as interested parties.<\/p>\n

In Q3, AT&T’s pay-TV businesses collectively lost 590,000 subscribers, an improvement from a loss of nearly 1.2 million in the year-ago quarter.<\/p>\n

The news comes after various media reported attempts to shop DirecTV to potential buyers in recent months drew bids well below the $49 billion AT&T paid for the business in 2015 [1].<\/p>\n

Last year, AT&T CEO John Stankey denied rumours [2] it planned to sell DirecTV, but on a recent earnings call declined to address renewed speculation about a potential transaction.<\/p>\n

A deal would be in line with AT&T’s continued efforts to reduce debt by offloading non-core assets: recently completed sales of entertainment and network holdings in Europe [3] and the Caribbean [4] yielded a combined $3 billion.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-moves-fast-with-new-converged-plan-following-directv-deal
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-dismisses-directv-sale-rumour
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-completes-sale-of-european-media-company-stake
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-closes-liberty-latam-deal<\/p>\n\n

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AT&T considered the sale of a minority stake in its family of pay-TV businesses, CNBC …<\/p>\n

The post AT&T eyes new DirecTV deal option<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":245,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"AT&T eyes new DirecTV deal option - ITTeacherITFreelance.hk","description":"AT&T considered the sale of a minority stake in its family of pay-TV businesses, CNBC ... The post AT&T eyes new DirecTV deal option appeared first on M"},"footnotes":""},"categories":[11,8],"tags":[6161],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/111880"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/245"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=111880"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/111880\/revisions"}],"predecessor-version":[{"id":111881,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/111880\/revisions\/111881"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=111880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=111880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=111880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}