A PYMNTS Company

AT&T Can’t Find a Buyer for DirecTV Latin America Business

By  |  September 9, 2020

AT&T Inc. has struggled to interest potential buyers in Vrio Corp., its declining Latin American satellite-TV division, after actively peddling it for at least four months, according to people familiar with the situation.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The problem with Vrio adds to the big challenges AT&T faces in its effort to raise cash and pay down debt by selling noncore businesses in a difficult market. The people asked not to be identified discussing private information. AT&T declined to comment.

    Vrio is part of a growing list of assets under review or with bids being solicited for sale. New Chief Executive Officer John Stankey is looking to streamline AT&T by jettisoning nonessential businesses that the company added during its go-big-or-go-home era of mega-acquisitions.

    Full Content: Bloomberg

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.