AT&T ( (T) ) has provided an announcement.
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AT&T Inc. has struck a deal to divest its remaining stake in DIRECTV to TPG, which will result in the company receiving an expected $7.6 billion through 2029. This transaction, anticipated to close in the second half of 2025, will enable AT&T to further concentrate on its core 5G and fiber connectivity business, while also strengthening its financial standing by securing cash inflows that were projected over the coming years. The agreement is set to provide AT&T with immediate cash payments and future quarterly installments, aligning with the company’s strategic goals and financial planning.
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