As reported by Reuters and other websites this last Friday, January 22nd, AT&T is holding talks with the TPG investment fund, with the aim for it to acquire a stake in DirecTV. In 2020, AT&T had called for an auction for the sale of the DTH, although it confirmed that DirecTV’s operations in Latin America will not be sold.
In December 2020, The Wall Street Journal had reported TPG, Churchill Capital Corp. IV and Apollo Global Management as candidates to acquire the DTH. According to Reuters, if negotiations between AT&T and TPG are successful, an agreement could be announced in the coming weeks, according to sources close to both companies. Up to now, both TPG and AT&T have not reported details on the eventual transaction.
If the transaction is successful, the operations of Sky in Brazil and DirecTV in Latin America, controlled by Vrio, will continue to be owned by AT&T. According to the company’s quarterly results report, as of Q3 2020, Vrio featured a total of 10.9 million subscribers, that is, 229 thousand more than those it had reported as of June 30. In addition, days ago, WarnerMedia (AT&T) confirmed its management team to be in charge of the launch of HBO Max, the company’s new SVOD OTT, which will expand towards Latin America by mid-year.