AT&T Sells Latin American Satellite Business to Argentina's Grupo Werthein

AT&T bought all of DirecTV's satellite operations in 2015 for approximately $ 49 billion, or $ 66 billion including assumed debt. Photo: Matias Delaceoix / Bloomberg News AT&T Inc. agreed to sell its Vrio satellite business in Latin America to the Argentine Grupo Werthein, thus continuing the telecommunications giant's departure from the television business in Dallas.

...

AT&T bought DirecTV's entire satellite operations in 2015 for about $49 billion, or $66 billion including acquired debt.

Photo: Matias Delaceoix/Bloomberg News

AT&T Inc. said it agreed to sell its Vrio satellite business in Latin America to Argentina's Grupo Werthein, continuing the Dallas telecom giant's move away from the television business.


The sale covers 10.3 million subscribers across 11 countries in the Western Hemisphere, including Argentina, Chile and Colombia, inherited from AT&T's purchase of DirecTV. The wireless carrier said the sale will trigger a $4.6 billion accounting charge, which includes $2.1 billion tied to “accumulated foreign currency translation adjustments.”

AT&T is slated to report quarterly earnings on Thursday.

An AT&T spokesman said the transaction carries an enterprise value of $500 million, which will be paid over the next few years. The companies expect to close the deal in ea ...

Read original at The Wall Street Journal | US Business

"Related" to AT T Sells Latin American Satellite Business:

Snippets from related news

AT&T Sells Latin American Satellite Business to Argentina's Grupo Werthein ... News AT&T Inc. said it agreed to sell its Vrio satellite business in Latin ... businesses in Argentina and other Latin American countries. AT&T is leaving the entertainment ...
... for Latin American startups ! According to the Latin American Venture ... is a proptech that sells remodeled homes ... to access microcredits at a low rate ... sector such as satellite monitoring of crops ... professionals expand their business management capabilities to ...
... threatens the ecosystems of Latin American countries with coasts ... the Latin American countries see China as a great business and ... primary resources at low cost and sells processed products ... Navy Veteran, Commodore Singh, Satellite and geo-spatial imagery ...
... national local laws business discrimination stellenausschreibung tourismusverband ... free centauro dental satellite kowbojskie pasyon vaponaute e ... 2014 toyota curacion. At mexico latin american spanish satyagraha gandhi ... rpg online who sells brach bridge mix ...
... Julia E. Sweig, director of Latin American studies at the Council on ... her daughters toward show business. At 15, Zsa entered the ... intelligence official, North Korea sells cigarettes and illegal drugs ... repairs. Therefore, based on satellite imagery alone, it is ...

 

Same category stories

Get our stories delivered

From us to your inbox weekly.