In a significant development, the CEOs of Verizon Communications and AT&T have rejected a request to delay the planned introduction of 5G wireless services over aviation safety fears. They have however offered to temporarily adopt new safety measures. Earlier last week, U.S…. Read More ›
John Stankey
AT&T sells minority stake to buyout firm TPG Capital, trims debt
In a statement AT&T Inc said, it plans on selling nearly a third of its stake in DirecTV to buyout firm TPG Capital in a deal that values the business at $16.25 billion. Less than 6 years ago it had… Read More ›
Sony to acquire AT&T Inc’s animation business for $1.18 billion
On Thursday, in a statement Sony Corp and AT&T Inc’s animation business Crunchyroll stated, the former will purchase the latter for $1.175 billion. The development sees Sony aiming to boost its entertainment content and distribution businesses. The deal will provide… Read More ›