In a strategic shift, AT&T (NYSE:T) announced it has finalized an agreement to sell its complete 70% interest in DIRECTV to TPG, a global private investment firm.
This move comes after a notable three-year period during which AT&T retained a significant stake following its initial transaction with TPG, yielding financial results aligned with its forecasts.
Since the partnership's inception, AT&T reported receiving $19 billion in cash distributions from DIRECTV.
With this new agreement, the company anticipates an additional $7.6 billion in cash payments.
This sale is part of AT&T's ongoing strategy to concentrate its efforts on enhancing its 5G and fiber connectivity services across the United States.
The transaction, which is expected to close in the latter half of 2025, is set to further solidify AT&T's financial position by accelerating cash inflows projected for the coming years.