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Goodwill hunting

27 January 2021 By Jennifer Saba

The U.S. telecom firm took a $16 bln write-down on pay-TV unit DirecTV, which it bought for $67 bln in 2015. It’s not the only part of AT&T facing tough times. Time Warner, which cost $109 bln, is struggling because of theater closures – a trend that may not reverse.

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