AT&T Wraps Up New DirecTV Spinoff
AT&T's spinoff of its U.S. video distribution business and TPG Capital's investment in that spinoff is completed, they said Monday, announcing finalization of creating a stand-alone DirecTV that owns and operates the DirecTV, AT&T TV and U-verse video services. They…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
said the New DirecTV finished Q2 with roughly 15.4 million subscribers. AT&T said the $7.1 billion cash it received as part of the deal would go toward debt reduction. They said New DirecTV will continue to offer HBO Max to subscribers along with any bundled wireless or broadband services and associated customer discounts. AT&T announced last month that Grupo Werthein is buying its Vrio video operations in Latin America. The spinoff deal was announced in February (see 2102240046) and got FCC OK last month without conditions (see 2107160069).