LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » World News

AT&T weighs divestiture of Latin American TV assets - sources

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Sat, Sep 16, 2017
11:08 pm
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

AT&T is evaluating a sale of its pay TV operations in Latin America as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc, people familiar with the matter said on Friday.

AT&T is working with a financial adviser to field interest in the assets, which could be valued at more than $8 billion, the people added, asking not to be named because the matter is private.

Liberty Global PLC, Spanish telecommunications company Telefonica SA and Millicom International Cellular SA, a wireless player in Latin America, are some of the companies that could express interest in all or parts of AT&T`s Latin American markets, according to the people.

AT&T declined to comment. Liberty Global, Telefonica and Millicom could not be reached for comment.

Most Latin American countries, with the exception of Venezuela, have stabilized over the past year with markets such as Brazil`s rallying after struggling with a recession for several years following the end of a decades-long commodities boom.

There is no guarantee that AT&T will be successful in selling the business, which includes satellite and cable television services in Brazil, Colombia, Venezuela, Argentina and several other countries, the people said. It could still decide to keep the systems, the people added.

AT&T is not interested in selling its pay TV business in Mexico, since it has been investing in wireless services in the country, the sources said. It acquired these TV operations as part of its $49 billion acquisition of DirecTV in 2015.

AT&T has been reviewing its portfolio to find ways to help pay down its debt load, which will increase to about $180 million once its acquisition of Time Warner closes.

AT&T expects the Time Warner acquisition to close by the end of the year. The deal is currently under antitrust review by the U.S. Department of Justice.

AT&T`s chief executive, Randall Stephenson, said earlier this week at a Goldman Sachs conference that every year the company "monetizes a number of assets that strategically don`t fit and aren`t in the longterm game plan of the business." The company has also said in the past that it would be open to a strategic combination in the region.

In the second quarter, AT&T had 13.6 million total subscribers in Latin America, excluding Mexico, and generated total revenue of $1.4 billion. AT&T owns about 93 percent of Sky Brasil, the largest satellite provider in the region`s biggest economy. It owns PanAmericana, which offers satellite TV services under the DirecTV brand in countries including Venezuela, Argentina, Chile, Colombia and Puerto Rico.

AT&T has also been looking to sell its Digital Life home security business, which could fetch close to $1 billion in a sale, Reuters previously reported.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in

Stock Market Holidays 2021 India: Trading to remain suspended on Sensex, Nifty, others Tomorrow for Republic Day 2021

PNB account holder? Alert! Do this before March 31 or you won't be able to transfer money

CBSE Exams 2021: Datesheet announcement and other latest details, Class 10, 12 students must know

Republic Day - Made in India Shares: IRCTC, HAL, Bombay Stock Exchange to Bharat Electronics are stocks to buy

7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi?

How to check IRFC IPO Allotment Status Online: All you need to know in one place

Home First Finance Company IPO subscribed 26.57 times so far on last day

PUBG Mobile India launch: Important notification issued by govt | Check reason for BIG Trouble here

FAU-G Game Launch date: Good news! Release tomorrow, beats PUBG Mobile India

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved