AT&T Completes Sale Of Remaining 70% Stake In DIRECTV To TPG

AT&T has completed the sale of its entire remaining 70% stake in DIRECTV to TPG Capital, marking its full exit from the satellite television business and continuing its strategic focus on telecommunications, 5G, and fiber broadband expansion. The deal, valued at approximately $7.6 billion in cash payments through 2029, transfers full ownership of DIRECTV and the U-Verse platform to TPG, which had previously held a 30% stake. This divestiture allows AT&T to reduce exposure to the declining pay-TV market and bolster its balance sheet for investments in high-growth areas. TPG plans to accelerate investments in DIRECTV's next-generation streaming services, aiming to innovate and compete in the evolving content and technology landscape. Industry analysts view the transaction as beneficial for both parties: AT&T can focus on core services while TPG can revitalize DIRECTV's offerings and customer base. The sale also follows a broader industry shift away from traditional pay-TV providers amid competition from streaming giants.