Home › News ›

AT&T Looking to Sell Assets for Cash

Article Comments

Feb 2, 2015, 6:45 PM by Eric M. Zeman

AT&T hopes to offset some of its debt by selling certain assets, reports Reuters. In particular, AT&T may offload several data centers worth about $2 billion, according to sources familiar with AT&T's plans. AT&T will need to write the government a check for $18 billion to cover the spectrum licenses it won during the recent AWS-3 auction. AT&T has hired a financial planner to help finalize the sales. AT&T has already sold other assets, including portions of its wireline business and some of its cell towers. AT&T didn't comment on Reuters' story. Verizon Wireless is expected to sell assets, too, in order to strengthen its balance sheet. Verizon spent about $10 billion in the same auction.

Related

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

Qualcomm Taps Iridium for Satellite Connectivity

Jan 5, 2023
Qualcomm has revealed Snapdragon Satellite , the company's solution for connecting Android phones directly to satellites for truly global coverage. The feature uses the Iridium network, a satellite constellation that has has been in operation for 25 years.

Motorola Brings More Affordable 5G Phones to its 2024 Lineup

Mar 12, 2024
Motorola has announced the 2024 editions of the moto g 5G and moto g power 5G, priced at $200 and $300, respectively (MSRP, unlocked). Both phones offer 5G, a vegan leather finish on the back, 120 Hz display refresh, 50 megapixel main camera, 5,000 mAh battery, 128 GB storage (expandable), NFC, fingerprint reader (on the side), and a headset jack.

Moto Gives its Affordable g play More Value

Jan 16, 2024
Motorola is launching a new version of its affordable moto g play phone for 2024. Last year's model was popular with carriers; this year's model appears to be just as popular, with AT&T, Verizon, Cricket, Consumer Cellular, U.S.

Samsung Brings Back the FE for its Galaxy S23 Series

Oct 4, 2023
After skipping a year last year, Samsung has brought back the more affordable model of its flagship phone series with the Samsung Galaxy S23 FE. As with previous "FE" devices, this is effectively Samsung's "affordable flagship" device at $600, filling out the lineup just above the top end of the company's A-series phones.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1