AT&T agreed to sell its remaining 70% stake in DIRECTV to TPG in a non-contingent transaction, subject to customary closing conditions. Over the past three years, AT&T has received $19 billion in cash distributions from DIRECTV, and it anticipates an additional $7.6 billion following the completion of this sale. This move enables AT&T to sharpen its focus on wireless 5G and fiber connectivity, while also strengthening its financial position by pulling forward future cash. The deal is expected to close in the second half of 2025.
• Transaction: Sale of AT&T’s 70% stake in DIRECTV to TPG.
• Cash Distributions: $19 billion received, additional $7.6 billion expected.
• Strategic Focus: Strengthens AT&T’s focus on wireless 5G and fiber connectivity.
• Financial Impact: Strengthens AT&T’s balance sheet by pulling forward future cash.
• Closing Date: Expected in the second half of 2025.
