Advanced Television


DirecTV to stand on its own in August

AT&T is expected to close the spin-off of its DirecTV and other pay-TV operations in early August. The new division will be part-owned (30 per cent) by TPG (the former Texas Pacific Group) while AT&T holds onto 70 per cent. AT&T CFO Pascal Desroches told equity analysts during the wireless company’s Q2/2021 earnings call that […]

July 27, 2021By Chris Forrester

AT&T selling LatAm DirecTV unit

AT&T has told investors on that it would be selling its Latin American DirecTV unit, Vrio Corp, to Argentina-based investment company Grupo Werthein. The deal involves an impairment charge of $4.6 billion (€3.9bn). AT&T did not reveal the amount it would receive from Werthein. The purchase is likely to close early in 2022. Grupo Werthein […]

July 22, 2021By Chris Forrester