0
Broadband

AT&T spins off pay-TV business in joint venture with TPG

Friday 26 February 2021 | 09:33 CET | News
AT&T has agreed to create a new company for its US video business unit, namely DirecTV, AT&T TV and U-verse video services, together with private equity firm TPG Capital. The company, called New DirecTV, will have an estimated enterprise value of USD 16.25 billion, operate under DirecTV CEO Bill Morrow and have its headquarters in El Segundo (California) and Denver (Colorado). AT&T will own 70 percent of the new company, with TPG holding 30 percent.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Internet
Companies: AT&T / DirecTV / HBO / TPG / WarnerMedia
Countries: United States
::: add a comment
This article is part of dossier

5G


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

AT&T raises FY outlook after Q2 recovery in wireless, media businesses

Published 22 Jul 2021 13:31 CET | United States
AT&T has raised its full-year outlook, after showing a strong recovery in second-quarter results at its wireless and media ...

AT&T sells Vrio to Argentina's Grupo Werthein, takes USD 4.6 bln impairment

Published 22 Jul 2021 09:48 CET | Caribbean
AT&T has agreed to sell the bulk of its Vrio satellite TV business in Latin America to Argentinian holding company Grupo ...

FCC gives green light for AT&T spinoff of pay-TV business

Published 20 Jul 2021 09:58 CET | United States
The Federal Communications Commission (FCC) has approved the spinoff by AT&T of its US video business unit, made up of its ...

DirecTV preparing USD 3.1 billion debt offering

Published 19 Jul 2021 15:03 CET | United States
DirecTV Entertainment, part of AT&T, has announced a proposed offering of USD 3.1 billion worth of senior secured notes due 2027. ...

Apple in talks for National Football League's Sunday Ticket package - report

Published 12 Jul 2021 09:36 CET | United States
Apple has held talks with NFL executives about the streaming rights for a package of National Football League games the NFL is ...

WarnerMedia LatAm to air HBO Max titles via 'Festival Max' segment

Published 22 Jun 2021 12:00 CET | Latin America
WarnerMedia has launched a special programming section on its pay-TV channels in Latin America to promote the imminent launch of ...

WarnerMedia confirms HBO Max LatAm launch on 29 June

Published 27 May 2021 13:39 CET | Latin America
WarnerMedia has confirmed that its streaming platform HBO Max will officially launch across a total of 39 Latin American and ...

AT&T to have USD 43 billion available for debt reduction after WarnerMedia deal with Discovery

Published 25 May 2021 11:41 CET | World
AT&T CEO John Stankey said the WarnerMedia deal with Discovery will provide the carrier with around USD 43 billion for debt ...

HBO Max confirms USD 10 ad-supported tier, international expansion from June

Published 20 May 2021 12:21 CET | United States
HBO Max has confirmed its new ad-supported subscription tier will launch in the first week of June, at USD 9.99 per month. Parent ...

Media sector consolidation driven by fragmentation and fight for consumer's favour

Published 18 May 2021 17:26 CET | World
A big wave of consolidation has started in the media sector. One can point to the threat from Netflix, Amazon and Disney+ as the ...

AT&T to spin off WarnerMedia in merger with Discovery

Published 17 May 2021 14:09 CET | World
AT&T has announced a deal to combine WarnerMedia's entertainment, sports and news assets with Discovery's non-fiction and ...

AT&T to merge media operations with Discovery - report

Published 17 May 2021 09:35 CET | World
AT&T could merge its media business, bought less than three years ago for USD 85 billion, with Discovery, in a deal that could be ...

Sports streaming platform Fanatiz launches Mexico service

Published 04 May 2021 11:42 CET | Mexico
Football-focused streaming platform Fanatiz has entered the Mexican market and enhanced its offer with Fox Sports content. ...

WarnerMedia to launch ad-supported HBO Max at USD 10 per month - report

Published 29 Apr 2021 13:13 CET | United States
WarnerMedia, part of AT&T, is thinking of launching a cheaper ad-supported version of its HBO Max streaming service, CNBC ...

AT&T grows revenues nearly 3% in Q1 on recovery in handset sales, media business

Published 22 Apr 2021 13:23 CET | United States
AT&T returned to revenue growth in the first quarter, with sales up 2.7 percent year-on-year to USD 43.9 billion. The growth was ...

AT&T to roll out new 5G spectrum this year, ups guidance for HBO Max subscriber numbers

Published 12 Mar 2021 16:11 CET | United States
AT&T has provided a comprehensive vision for its operations going forward, saying it will focus on deploying 5G and fibre, and ...

US market loses 7.2 mln pay-TV subscribers in 2020

Published 09 Mar 2021 12:59 CET | United States
Traditional pay-TV services in the US lost nearly 7.2 million subscribers in 2020, according to estimates from Kagan. Online ...

TPG in exclusive talks to buy AT&T's DirecTV - report

Published 25 Jan 2021 08:58 CET | United States
Private equity firm TPG has started exclusive talks for AT&T's DirectTV satellite TV service, Reuters reported, with sources ...

AT&T folds Now TV OTT service into main IP TV service

Published 13 Jan 2021 09:45 CET | United States
AT&T is simplifying its pay-TV services, merging the OTT service AT&T TV Now with its IPTV service AT&T TV. New customers can no ...

AT&T sells Crunchyroll anime business to Sony for USD 1.175 billion

Published 10 Dec 2020 09:55 CET | World
AT&T has been looking to raise cash through asset sales in order to reduce debt accumulated with the acquisition of Time Warner. ...

AT&T lines up offers for DirecTV of over USD 15 billion - report

Published 10 Dec 2020 09:44 CET | United States
AT&T has received a number of offers for its satellite-TV service DirecTV, with the top bids valuing the unit at over USD 15 ...

AT&T refinances USD 60 bln worth of debt

Published 23 Nov 2020 09:24 CET | United States
AT&T CFO John Stephens said the company has refinanced over USD 60 billion worth of debt and now has about USD 30 billion of debt ...

AT&T's WarnerMedia announces layoffs in bid to rationalise operations, focus more on HBO Max

Published 12 Nov 2020 16:40 CET | United States
WarnerMedia CEO Jason Kilar has sent out a company-wide memo, saying the company will be rationalizing its operations and ...

AT&T considers sale of minority stake in pay-TV business - report

Published 04 Nov 2020 09:38 CET | United States
AT&T is in talks to sell a high minority-stake in DirecTV, as well as in AT&T Now and U-Verse, CNBC reported. The company is in ...

Liberty LatAm finalises acquisition of AT&T Puerto Rico and USVI units

Published 03 Nov 2020 09:03 CET | Puerto Rico
Liberty Latin America (LLA) said it completed its acquisition of AT&T's mobile and wireline operations in Puerto Rico and the US ...

AT&T hopes for higher bids in new round of DirecTV sale - report

Published 07 Oct 2020 12:00 CET | United States
The auction process is being handled by Goldman Sachs, other sources said. Competitor satellite-TV provider Dish Network will not ...





Calendar   /   Industry Events

25 Jul Fiber Connect
27 Jul Juniper Networks Q2 2021
27 Jul KPN Q2 2021
27 Jul Telefonica Brasil Q2 2021
27 Jul TIM Q2 2021
27 Jul TIM Brasil Q2 2021
27 Jul Corning Q2
27 Jul AudioCodes Q2 2021
27 Jul A10 Networks Q2
27 Jul Alphabet Q2
27 Jul MediaTek Q2 2021
27 Jul NortonLifeLock fiscal Q1
27 Jul Microsoft fiscal Q4
27 Jul SK Hynix Q2
28 Jul Ribbon Communications Q2 2021
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
28 Jul Extreme Networks fiscal Q4
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Cirrus Logic Q1
28 Jul Spotify Q2 2021
28 Jul Telefonica Deutschland Q2 2021
29 Jul Nokia Q2 2021
29 Jul Vodacom fiscal Q1
29 Jul Liberty Global Q2 2021
29 Jul Consolidated Communications Q2
29 Jul CyrusOne Q2 2021
29 Jul CoreSite Q2 2021
::: More Calendar Items