AT&T announced an agreement to sell its entire 70% stake in DIRECTV to private equity firm TPG. This transaction is valued at an expected $7.6 billion in cash payments, which will be received through 2029. The divestiture allows AT&T to further concentrate on its core 5G and fiber connectivity business.
This move also strengthens AT&T's balance sheet by accelerating cash inflows that were previously projected over several years. The company had already received $19 billion in cash distributions from DIRECTV since its initial transaction with TPG. The sale is anticipated to conclude in the second half of 2025, subject to customary closing conditions.
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