0
General

Elliott Management sells stake in AT&T

Tuesday 17 November 2020 | 16:21 CET | News
Elliott Management has sold its stake in AT&T, Mobile World Live reported, citing a regulatory filing. The activist shareholder bought USD 3.2 billion worth of company shares in September 2019 and then sent a proposal on how AT&T could improve the performance of its shares. The report did not say how much Elliott sold its shares for.

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?



Categories: General
Companies: AT&T / DirecTV
Countries: United States
::: add a comment

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

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 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 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 ...

AT&T to close down hundreds more shops - union

Published 07 Oct 2020 15:31 CET | United States
AT&T plans to close down 320 company-owned AT&T Mobility retail stores in November and December, affecting 1,600 workers, the ...

CWA union slams sale of AT&T units to Liberty Latin America

Published 23 Jan 2020 11:04 CET | Puerto Rico
The Communications Workers of America (CWA) union has called on the Federal Communications Commission (FCC) to reject the sale of ...

AT&T announces new financial growth targets to calm shareholder concerns

Published 28 Oct 2019 13:49 CET | United States
AT&T has announced new financial targets for the coming three years, following pressure from shareholders such as Elliott ...

AT&T in talks with activist shareholder Elliott about strategic growth options - report

Published 18 Oct 2019 13:15 CET | United States
AT&T is in talks with activist investor Elliott Management about the stakeholders's call for change at the carrier, the Wall ...

AT&T sells Puerto Rico, USVI assets to Liberty Latin America for USD 1.95 bln

Published 09 Oct 2019 16:46 CET | Puerto Rico
AT&T has agreed to sell its operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for USD 1.95 billion in ...

Elliott Management calls for turnaround plan at AT&T

Published 09 Sep 2019 15:41 CET | United States
The activist investor Elliott Management has launched a call for a strategic rethink at AT&T, saying it has a plan to turnaround ...