AT&T not to sell DirecTV operations in Latin America

As reported this last Tuesday, November 3, on the website of CNBC’s pay TV channel website (NBCUniversal), finally the sale of DirecTV, which AT&T has been trying to implement for some months, will not include the DTH business in Latin America. This way, if the transaction is completed, Sky’s operations in Brazil and DirecTV’s operations  in the region, controlled by Vrio, will continue to belong to AT&T.

In early October, the US newspaper The New York Times had reported that AT&T was still interested in divesting DirecTV, and even held an auction for the DTH. However, it was not clear until then if AT&T intended to sell only DirecTV’s operations in the US, or if the initiative also included operations in Latin America. In addition, also in August, The Wall Street Journal reported the interest of investment funds Apollo Global Management and Platinum Equity to acquire DirecTV.

According to CNBC, the transaction agreement could include between 30% and 49% of AT&T’s pay TV operations in the US. Units included are DirecTV (DTH); AT&T Now (pay TV via OTT) and U-Verse (IPTV). CNBC also reported that the offers will take place until the beginning of December, and pointed out, as The Wall Street Journal had done in August, Apollo Management, and other private companies, as one of the main interested in acquiring AT&T’s operations, already mentioned.

In Latin America, according to AT&T’s Q3 2020 quarterly results report, Vrio reported a total of 10.9 million subscribers. The figure means 229 thousand more clients in relation to the 10.7 million it had as of June 30th.