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

Tuesday 25 May 2021 | 11:41 CET | News
AT&T CEO John Stankey said the WarnerMedia deal with Discovery will provide the carrier with around USD 43 billion for debt reduction, through a combination of cash, debt securities and WarnerMedia's retention of certain debt. This will allow the company to progress its end-of-year 2023 leverage target of under 2.5x while increasing investment in growth areas of 5G and fibre.

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Categories: General
Companies: AT&T / DirecTV / WarnerMedia
Countries: World
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