AT&T: sells businesses in Virgin Islands and Puerto Rico
(CercleFinance.com) - AT&T today announced that it has completed the sale of its Puerto Rico and US Virgin Islands operations to Liberty Latin America.
The transaction includes AT&T's employees as well as the network (wireline and wireless), real estate, as well as contracts that have over one million subscribers. However, AT&T will retain DirectTV and FirstNet's liabilities.
AT&T plans to use the 1.95 billion dollar proceeds from the transaction in a subsidiary of PR Holdings. AT&T also says that it will continue to seek additional opportunities to monetize its non-core assets.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The transaction includes AT&T's employees as well as the network (wireline and wireless), real estate, as well as contracts that have over one million subscribers. However, AT&T will retain DirectTV and FirstNet's liabilities.
AT&T plans to use the 1.95 billion dollar proceeds from the transaction in a subsidiary of PR Holdings. AT&T also says that it will continue to seek additional opportunities to monetize its non-core assets.
Copyright (c) 2020 CercleFinance.com. All rights reserved.