INSUBCONTINENT EXCLUSIVE:
The telecom company had agreed not to sell its stake in DirecTV for a three-year period, which expired on July 31.2 min read Last Updated :
Sep 30 2024 | 4:51 PM IST
AT-T said on Monday it would sell its entire 70 per cent stake in satellite TV provider DirecTV to private
DirecTV in 2015, signed a joint-venture agreement with TPG in 2021, in which the private equity firm contributed about $1.8 billion in cash
stake sale comes as a much-needed exit for AT-T, which has been seeing dwindling distributions from DirecTV over the past several years
payment of $2 billion in 2025, and additional payments through 2029, the company said in a filing on Monday
including CEO Bill Morrow, TPG said on Monday.First Published: Sep 30 2024 | 4:03 PMIST
