Bankers predicting AT&T will soon offload its DirecTV subsidiary: Gasparino
Sources tell FOX Business’ Charlie Gasparino changing economics due to the coronavirus lockdowns and high levels of debt could prompt AT&T to sell DirecTV.
AT&T Inc is considering offering wireless phone plans partially subsidized by advertising as soon as a year from now, Chief Executive John Stankey said in an interview on Tuesday.
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The consideration, which has not been previously disclosed, underscores AT&T’s commitment to the advertising business as the U.S. phone carrier reviews its portfolio to identify assets to sell in order to reduce its debt load. AT&T is considering selling its advertising-technology unit Xandr, sources familiar with the matter have told Reuters.
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“I believe there's a segment of our customer base where given a choice, they would take some load of advertising for a $5 or $10 reduction in their mobile bill,” Stankey said.