AT&T mulls selling big stake of its entire pay-TV biz – report | Light Reading

Following initial attempts to unload its struggling DirecTV business, AT&T is pursuing a different avenue – the sale of a “significant minority” stake of its entire pay-TV business, including DirecTV, U-verse and at least one of its streaming options, according to CNBC.

Under this more complicated structure, AT&T would retain majority economic ownership of the pay-TV business and would hold onto the infrastructure elements (including plants and fiber) for U-verse, the report added, noting that AT&T’s discussions involve private equity firms, including Apollo Management.

Source: AT&T mulls selling big stake of its entire pay-TV biz – report | Light Reading