AT&T Sells Remaining Stake in DIRECTV to TPG

Core Viewpoint - AT&T has reached an agreement to sell its remaining 70% stake in DIRECTV to TPG, which is a non-contingent transaction subject only to customary closing conditions [1]. Financial Performance - Over the past three years, AT&T's financial outcomes have aligned with expectations, leading to the decision to retain a 70% financial interest in DIRECTV. The reported cash distributions from the initial transaction with TPG totaled $19 billion, with an additional $7.6 billion expected following the sale of the remaining stake [2]. Strategic Focus - This sale enables AT&T to concentrate on becoming the leading wireless 5G and fiber connectivity provider in America. The transaction is expected to enhance AT&T's balance sheet by accelerating cash inflows anticipated over the next several years. The company expects the transaction to close in the second half of 2025 [3].