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AT&T exploring strategic options, including sale of DirecTV - report

Thursday 19 September 2019 | 10:01 CET | News
AT&T is considering the sale of its DirecTV division, among other strategic options, the Wall Street Journal reported, citing sources familiar with the matter. The company has been bleeding pay-TV customers over the past many quarters, with losses expected to increase in the third quarter by 300,000 to 350,000. The company also faces a class action suit regarding the unit, with allegations it made false claims about the DirecTV Now service from September 2016 to January of this year. Finally, activist investor Elliott Management called earlier this month for a strategic rethink of the

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Categories: Broadcast & Satellite / Internet
Companies: AT&T / DirecTV / Dish Network / Time Warner
Countries: United States
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