AT&T reported a drop in Q3 revenues and profit, due mainly to the impact of the pandemic on its entertainment business. Quarterly revenues fell to $42.3 billion from $44.6 billion in the year-ago quarter. WarnerMedia was down 10 per cent affected by the pandemic measures, while mobile service revenues (-0.3 per cent) suffered from lower […]
Veteran television executive Peter Roth will leave his job as chairman of Warner Bros Television Group early in 2021, the AT&T Inc-owned studio has confirmed. Roth, who has worked at Warner Bros for 22 years, oversaw development of several hit shows including The West Wing, The Big Bang Theory, Two and a Half Men, The […]
Technology and solutions development organisation the Alliance for Telecommunications Industry Solutions (ATIS) has launched the Next G Alliance, an industry initiative aimed at advancing North American mobile technology leadership in 6G and beyond over the next decade. The Next G Alliance will encompass the full lifecycle of research and development, manufacturing, standardisation and market readiness. […]
Reports from the US say that pay-TV giant DirecTV, owned by telco AT&T, is definitely up for sale and that some bids are already being submitted. The New York Post said that “lowball bids” were actively being made and coming mostly from private equity interests. Goldman Sachs is handling the process. The newspaper says that […]
The prospects of some sort of merger of satellite operators in North America, between Charlie Ergen’s Dish Network and AT&T’s DirecTV, or perhaps a European consolidation between SES and Eutelsat, has generated plenty of media comment over the past weeks. However, a virtual meeting of senior executives on September 24 at the Avia (Asia Video […]
AT&T is struggling to find a potential buyer for its DirecTV Latin American satellite DTH business which trades as Vrio. Bloomberg reports that AT&T’s CEO John Stankey is looking to dump non-essential and non-performing divisions under the AT&T umbrella. It lists the AT&T divisions now up for sale and which includes the whole or part […]
A report from Standard & Poors Market Intelligence (S&P) by Sarah Barry-James suggests that the potential for some sort of ‘merger’ between AT&T’s DirecTV and Charlie Ergen’s Dish Network poses risks. Ergen is on the record as saying that a combination of the two DTH pay-TV giants is “inevitable”. But S&P reminds readers that Constantine […]
While the market assesses the probability of AT&T divesting its 100 per cent ownership of DirecTV, it is clear that there are currently more questions than answers. Analysts at MoffettNathanson (MN), in a note to clients,
Ad company Xandr is the the next candidate for reducing AT&T’s $150 billion+ debt, according to Reuters. Xandr came out of AT&T’s $1.6 billion acquisition of ad tech firm AppNexus in 2018. It is meant to give advertisers targeting through AT&T consumer data across phone, Internet and TV services. AT&T spent $135 billion including the […]
AT&T has hired investment bank Goldman Sachs to advise it on a sale of its DTH pay-TV operation DirecTV. AT&T bought DirecTV back in 2015 and – including the operator’s borrowings – paid some $67 billion overall ($49 billion plus debts). But the AT&T purchase happened with the rise and rise of rival content bouquets […]