AT&T's decision to sell its remaining 30% stake in DIRECTV to TPG signals a strategic shift towards enhancing its core wireless and fiber connectivity services.
This sale will provide AT&T with $7.6 billion in cash, allowing the company to focus on strengthening its balance sheet and expanding its 5G network.
Following the sale, AT&T forecasts continued financial stability, with estimated quarterly distributions from DIRECTV of around $1.1 billion in Q4 2024 alone.
The closing of this transaction is anticipated for the second half of 2025, contingent upon regulatory approval and standard closing conditions.
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