Advanced Television

Dish & DirecTV win market support

September 19, 2019

By Chris Forrester

AT&T is reportedly actively “exploring” ways whereby it might part with its DirecTV division.

“The wireless carrier has considered various options, including a spinoff of satellite television provider DirecTV into a separate public company and a combination of DirecTV’s assets with Dish Network Corp,” sources told the WSJ.

AT&T shares rose 1.5 percent on the news on September 18th in after-hours trading.

An activist investor, Elliot Management, has a $3.2 billion stake in AT&T and is urging the telco giant to focus on improving its core business and criticised the recent acquisitions of Time Warner (which cost $85 billion) and DirecTV ($49 billion).

Categories: Articles, Business, M&A