• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

DirecTV Once Again A Standalone Company; Will Own And Run The AT&T TV, U-Verse

August 10, 2021 by David Barret Leave a Comment

DirecTV is once again a standalone company as AT&T has spun the satellite television provider off. AT&T had already announced earlier this year that it would spin its video properties into a new company. Now, DirecTV is a separate company and it will own AT&T TV and U-verse video services. The new company would be managed by private equity firm TPG. The equity firm already holds a 30 percent stake in the company. AT&T had sold the stake in DirecTV in February this year after losing millions of customers. The transaction is now officially complete and all the services will now operate under DirecTV.

As outlined, AT&T will still own around a 70 percent stake in the company. Under the deal, AT&T had received USD 7.1 billion in cash. The telecom giant said that the money would be used to pay off its massive debt. Part of the debt is because of the acquisition of the original DirecTV in the year 2015. As part of the deal at that time, the telecom giant had to pay USD 48.5 billion to complete the acquisition. To say that the deal did not work as expected would be like presenting the entire scenario mildly because the business had been losing customers even before the deal was signed.

While announcing the plan to sell a 30 percent stake in DirecTV earlier this year, AT&T chief executive officer John Stankey said that the company wants to focus on its connectivity and content businesses. Stankey said that 5G wireless and fiber would be a top priority for the company. Content for HBO Max was also mentioned by the AT&T boss. However, the company revised its strategy recently and said its focus is core business. The company has taken several steps in recent years to reduce its debts, selling off assets is one of them. The debts were accumulated because of the company’s massive multimedia acquisitions.

David Barret
David Barret

Related posts:

  1. Google Testing New YouTube Tool On Android For Collaborators
  2. Telegram Makes Changes To Let Users Import WhatsApp, Other Apps Chat History Easily
  3. GameStop Chief Executive Officer George Sherman Getting Millions For Leaving The Company
  4. Instagram Launches New Feature To Show Business, Creators Accounts About Performance Of Their Posts

Filed Under: Technology

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

  • Spaghetti Has Inner Secrets We’re Only Just Learning About
  • How Far Back In Time Could You Go And Still Understand English?
  • We Now Know How The First People Reached America – And It Wasn’t On Foot
  • Two Major Coral Species Now Functionally Extinct In Florida Keys, After Record-Breaking Marine Heatwave
  • A “Super-Earth” In The Habitable Zone Is Half The Distance To Comparable Worlds
  • Adorable But Critically Endangered Bornean Orangutan Born In Conservation Success
  • How Did The FDA Settle On The “2,000 Calories Per Day” Guideline?
  • Comet 3I/ATLAS Losing At Least Two Kangaroos’ Worth Of Dust Every Second
  • Mummified Dinosaur Duo Prove They Had Hooves, Marking “The First Confirmed Hooved Reptile”
  • What Do The Numbers On Your Toaster Really Mean?
  • NASA Vs. Elon Musk: Is A Moon Landing This Decade Off The Cards?
  • Scientists Explored Some Of The Deepest Parts Of The Ocean And Spotted Some Seriously Weird Deep-Sea Creatures
  • 500-Meter-Tall Megatsunami Struck Remote Alaskan Fjord After Massive Landslide
  • 3I/ATLAS, CKM Syndrome, And Mosquitoes’ Final Frontier
  • Male Humpback Dolphins Spotted Wearing Sea Sponge “Wigs” To Woo The Ladies
  • Can’t Sleep? The Military Sleep Trick That Helps You Fall Asleep in Just 2 Minutes
  • Why You Should Really, Really Not Eat Dolphin Meat
  • Odd Flashes Of Light On The Moon Have Been Recorded For Over A Thousand Years. What Are They?
  • The New York Times Said Machines Wouldn’t Fly For A Million Years (69 Days Before The First Flight)
  • IFLScience The Big Questions: Why Do People Believe In The Paranormal?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +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 © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version