AT&T to sell 70% DirecTV stake for $7.6B - Breaking The News

AT&T to sell 70% DirecTV stake for $7.6B

30 September

1 min read

EPA-EFE/JUSTIN LANE

AT&T Inc. announced on Monday that it will sell its remaining stake in digital satellite service provider DirecTV to private equity firm TPG Inc. for $7.6 billion. AT&T currently holds a 70% stake in DirecTV.

"This sale allows AT&T to continue to focus on being the leading wireless 5G and fiber connectivity company in America. This transaction also continues to strengthen AT&T's balance sheet by pulling forward cash expected over the next several years," the telecom company said. The deal is expected to be completed in the second half of 2025.

mergers and acquisitions at&t tpg

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