In 2021, AT&T made a strategic move by divesting a portion of its assets, including a minority stake in DirecTV satellite and streaming service, as well as its U-verse TV operations. This decision saw the telecommunications giant selling a portion of its holdings to private equity firm TPG. Through this transaction, AT&T received approximately $7.6 billion in proceeds from the sale. Despite this divestiture, AT&T still retained a significant ownership stake in DirecTV, amounting to 70%. This move was part of AT&T’s broader strategy to streamline its operations and focus on its core businesses.
The strategic decision to maintain a 70% ownership stake in DirecTV was significant for AT&T. By retaining majority control, AT&T ensured that it could still influence and shape the direction of DirecTV’s operations and offerings. Moreover, the arrangement included an option for AT&T to sell its remaining stake after July 31, 2024, providing flexibility for potential future transactions. This approach aligns with AT&T’s efforts to optimize its portfolio and maximize shareholder value.
In light of these developments, it’s evident that AT&T’s ownership of DirecTV stands at 70%, following the divestment of certain assets in 2021. This move underscores AT&T’s strategic focus on reshaping its portfolio and concentrating on core business areas. As of now, AT&T retains a significant stake in DirecTV, with the possibility of further adjustments in ownership in the future.
(Response: Yes, AT&T owns 70% of DIRECTV, retaining this stake after divesting a minority portion of its assets in 2021.)