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AT&T exploring sale of home security unit to ease debt - report

Monday 21 August 2017 | 10:56 CET | News
AT&T is exploring the possibility of divesting its Digital Life home security unit with a view to lowering debt following the company's planned USD 85 billion purchase of Time Warner, according to unnamed sources cited by Reuters. Launched in certain US markets in 2013, the Digital Life service offers smart security, video and automation devices and services for customers to monitor their homes and pets on their phones. The unit has around 400,000 to 500,000 customers in 80 US cities and could be worth close to USD 1 billion, said the sources, adding that the sale could be a prelude to more

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Categories: General
Countries: United States
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