• Email Us: [email protected]
  • Contact Us: +1 718 618 4351
  • Skip to content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

AT&T anticipates pending WarnerMedia-Discovery deal to close by mid-2022

September 15, 2021 by David Barret Leave a Comment

September 15, 2021

(Reuters) – Telecoms company AT&T said it anticipates that the pending deal to combine WarnerMedia’s media assets with Discovery Inc will close by the middle of 2022.

AT&T is in the process of unwinding its expensive media investments to focus on its original business of providing phone and internet services.

It is combining WarnerMedia’s media assets with Discovery to create a proposed stand-alone company, Warner Bros. Discovery.

“After close of that transaction and on a pro-forma basis, AT&T expects annual revenues to grow at a low single digits compound annual growth rate (CAGR) from 2022 to 2024 with annual adjusted EBITDA and adjusted earnings per share growing at a CAGR in the mid-single digit range”, AT&T Chief Financial Officer Pascal Desroches said in an update to shareholders on Tuesday.

After the deal closing, the company said it anticipates annual dividends paid of $8 billion to $9 billion, reflecting a payout ratio of 40% to 43% on projected free cash flow of $20 billion plus in 2023.

(Reporting by Kanishka Singh in Bengaluru; Editing by Stephen Coates)

Source Link AT&T anticipates pending WarnerMedia-Discovery deal to close by mid-2022

Related posts:

  1. Fighting games are bigger than ever on PC – but there’s a long way to go
  2. When is Rick and Morty season 5 episode 9 released? Return date, trailer and more
  3. Locast suspends local TV streaming service in wake of court ruling
  4. Get your pitch-off on with our Disrupt Startup Alley companies on upcoming episodes of Extra Crunch Live

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar


  • Home
  • All Reports
  • About Us
  • Contact Us
  • +1 718 618 4351
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2022 · Medical Market Report. All Rights Reserved.

Go to mobile version