{"id":104318,"date":"2020-11-04T00:56:21","date_gmt":"2020-11-03T21:56:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/att-reportedly-considers-selling-big-minority-stake-in-directv\/"},"modified":"2020-11-04T00:56:21","modified_gmt":"2020-11-03T21:56:21","slug":"att-reportedly-considers-selling-big-minority-stake-in-directv","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/att-reportedly-considers-selling-big-minority-stake-in-directv\/","title":{"rendered":"#AT&T reportedly considers selling big minority stake in DirecTV"},"content":{"rendered":"

“#AT&T reportedly considers selling big minority stake in DirecTV<\/strong>”
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\n AT&T is in talks with private-equity firms to sell a \u201csignificant\u201d minority stake in its pay-television businesses including DirecTV, according to a report.<\/span><\/p>\n

A number of private equity firms including Apollo Management are said to be submitting bids for the units, which also include AT&T U-Verse and AT&T Now businesses, CNBC reported Tuesday<\/a>. Bids are due in early December.<\/span><\/p>\n

While valuations haven\u2019t been determined, a deal may value DirecTV at less than $15 billion including debt, CNBC said. The Post reported last month that AT&T was fielding lowball offers \u201cwell below $20 billion.\u201d AT&T acquired DirecTV in 2015 for $67 billion including debt. A deal will not include the unit\u2019s Latin American business, the report noted.<\/p>\n

As part of a potential deal, AT&T would shift the legacy assets off AT&T\u2019s balance sheet, CNBC said, citing anonymous sources.<\/p>\n

The report said that under the terms of the proposed deal, telecom giant would retain majority ownership of the businesses, and would maintain ownership of U-verse infrastructure. Additionally, the buyer would control the pay-TV distribution operations and consolidate the business on its books.<\/p>\n

In recent months, AT&T has been trying to unload non-core assets in order to reduce its $150 billion plus debt load, and focus on growing its streaming service, HBO Max.<\/p>\n

DirecTV, which has been hemorrhaging subscribers, has been top of AT&T\u2019s list. AT&T\u00a0ended the third quarter with about 17 million legacy TV subscribers (DirecTV and U-verse combined), down more than 16 percent from a year earlier. AT&T Now customers fell 40 percent to 683,000.<\/p>\n

\u201cAT&T is trying to do something very hard,\u201d MoffettNathanson analyst Craig Moffett said, \u201cThey have to manage a portfolio of declining businesses by slashing their costs, while still not hurting their cash generation prospects too badly, while simultaneously finding a way to sustain a dividend, pay down debt enough to placate rating agencies, and, all the while, invest in the few growth areas they\u2019ve got that are worthy (wireless, HBO Max, and fiber-based broadband).\u201d\n <\/p><\/div>\n

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For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#AT&T reportedly considers selling big minority stake in DirecTV” AT&T is in talks with private-equity firms to sell a \u201csignificant\u201d minority stake in its pay-television businesses including DirecTV, according to a report. A number of private equity firms including Apollo Management are said to be submitting bids for the units, which also include AT&T U-Verse…<\/p>\n","protected":false},"author":1,"featured_media":104319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/11\/att-directv-talks.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[78292,5039,78394,70584,72868],"class_list":["post-104318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-3-20","tag-att","tag-direct-tv","tag-mergers-acquisitions","tag-private-equity"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/104318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=104318"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/104318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/104319"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=104318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=104318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=104318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}