AT&T Eyeing Sale Of Half Its DirecTV Stake: Report
Wall Street Journal report.” data-reactid=”19″>AT&T (NYSE: T), has hired Goldman Sachs Group Inc. (NYSE: GS) to see through the process of offloading its stake in DirecTV, according to a Wall Street Journal report.
NFLX) there has been a steady decline in the subscriber base of DirecTV, and this is said to be the reason AT&T is exploring a sale.
Advisors from Goldman Sachs and officials from AT&T have been in talks with private equity companies, WSJ said in a late Friday story, citing unnamed people familiar with the matter.
APO) and Platinum Equity are seen as potential suitors, the report said.
If AT&T can sell half of DirecTV’s stake at $34 billion, it would be a no-profit, no-loss scenario for the company, and it could still generate revenue from the remaining half of DirecTV’s assets, according to WSJ.
Cell phone and broadband services have been the main revenue-generating segments for AT&T, accounting for more than half of the company’s annual revenue.
report.” data-reactid=”32″>The company could still retain the pay-TV customers even if they decide to drop the satellite infrastructure, according to the report.
HurricaneGeek2002 via Wikimedia. ” data-reactid=”33″>Photo by HurricaneGeek2002 via Wikimedia.
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