IndirecTV

31 Aug 2020 By Jennifer Saba Follow @jennifersaba

The U.S. telecom may ditch its shrinking satellite pay-TV unit. The most logical outcome is a merger with rival Dish, but AT&T boss John Stankey already has his hands full without taking on a new antitrust battle. A sale to private equity could be a smart way to bridge the gap.

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AT&T is once again exploring a sale of DirecTV, the Wall Street Journal reported on Aug. 28. The process is still in its early stages although potential bidders include private equity firms Apollo Global Management and Platinum Equity, sources familiar with the matter told the Journal.

AT&T bought the satellite pay-TV provider in 2015 for $67 billion including debt. The division in which it sits lost more than 4 million subscribers for the 12 months ending June 30. Overall, it has 18.4 million subscribers.

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