AT&T (T) has agreed to sell its majority interest in DIRECTV Entertainment Holdings LLC to TPG, which holds the minority interest, for which AT&T expects to receive approximately $7.6 billion in cash payments from DIRECTV and the buyer through 2029. This represents: $1.7 billion of pre-tax quarterly distributions in the second half of 2024, inclusive of the expected pre-tax quarterly distribution for the third quarter of 2024, which is not part of the agreement; $5.4 billion of after-tax cash distributions and other payments not subject to tax in 2025; and $0.5 billion of final payments in 2029 of after-tax proceeds.
The company said the sale allows it to continue to focus on being the leading wireless 5G and fiber connectivity company in America. AT&T noted that the deal also continues to strengthen balance sheet by pulling forward cash expected over the next several years.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.