• 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

  • Chimps Are Sticking Grass In Their Ears And Rears As They Embrace “Pointless” Fad
  • Hui Te Rangiora: Old Māori Legend Suggests They May Have Discovered Antarctica 1,000 Years Before Europeans
  • “Potential Impact On Saturn”: Astronomers Appeal For Help As Video Appears To Show Object Hitting The Gas Giant
  • What Is Prosopometamorphopsia? The “Exceedingly Rare” Condition That Made A Patient See Faces As Dragons
  • Are We In An Enormous Void? It Could Explain What’s Wrong With Our Model Of The Universe
  • Woylies Boing Back Into Western Australia Thanks To Groundbreaking Wildlife Project
  • North America’s Oldest Pterosaur And Turtle Fossils Found In Arizona’s Petrified Forest
  • Proposed “Dark Dwarfs” Near The Galactic Center Could Reveal The Nature Of Dark Matter
  • Watch: 18-Kilometer-High Ash Cloud Looms Over Indonesia’s Mount Lewotobi Laki Laki After “Explosive” Eruption
  • “ShipGoo001”: Mystery Of Entirely New Lifeform Discovered Coating A Great Lakes Ship
  • Rare White Humpback Whale Calf Filmed By Drone Off Australia’s East Coast
  • Who Was Buried At Cave Of Salome: A Female Disciple, Jesus’ Midwife, Or A Princess?
  • “Hidden” Changes To US Health Data Swapping “Gender” For “Sex” Spark Fears For Public Trust
  • Easter Island Was Never As Isolated As We Thought – Study Puts That “Strange Argument” To Bed
  • If Birds Are Dinosaurs, Why Are None As Big As T. Rexes?
  • Psychologists Demonstrate Illusion That Could Be Screwing Up Our Perception Of Time
  • Why Are So Many Enormous Roman Shoes Being Discovered At Hadrian’s Wall?
  • Scientists Think They’ve Pinpointed Structural Differences In Psychopaths’ Brains
  • We’ve Found Our Third-Ever Interstellar Visitor, Orcas Filmed Kissing (With Tongues) In The Wild, And Much More This Week
  • The “Eyes Of Clavius” Will Be Visible On The Moon Today, Thanks To Clair-Obscur Effect
  • 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