AT&T not considering selling DirectTV - report

Thursday, 19. September 2019 16:15

AT&T Inc. is currently not considering selling its satellite unit DirectTV, CNBC reported on Thursday, contradicting earlier media reports.

According to the people familiar with the matter, the telecommunications giant is focusing on other options to improve its business instead of selling its satellite business, whose $67 billion acquisition was criticized by Elliot Management Corp.

The investment management firm has been pressing AT&T to reassess its merger and acquisition practices after buying a $3.2 billion stake in the company.

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Author:
Breaking the News / MD