T - DirecTV's Future Uncertain as AT&T Mulls Over Divestment Strategies | Benzinga
AT&T Inc (NYSE: T) is reportedly considering various strategies for its 70% ownership in DirecTV, America's third-largest pay-TV provider.
This development surfaces as the telecom giant nears the expiration of an agreement that permits the sale of its stake in the pay-TV company.
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Insiders revealed that AT&T is contemplating different options, including a dividend recapitalization, introducing a new investor, or potentially selling its stake by August 2024. However, these discussions are preliminary, Bloomberg