AT&T’s COO John Stankey has told the WSJ that his DirecTV subsidiary is not for sale.

“[DirecTV] is an important part of what we’re going to be doing going forward,” he said, adding that the company had explored options for DirecTV but that was part of a normal review of AT&T’s assets.

Stankey said that DirecTV remained an important part of AT&T’s plan for streaming video and advanced advertising strategy.

AT&T overall lost 778,000 video subscribers (of which some 168,000 were from DirecTV) in Q2, and is already warning that Q3 losses could be greater.

Meanwhile, AT&T on September 24th repaid and terminated two long-term loans worth together $5.9 billion. It used $1.3 billion of cash and entered into a new loan for $1.3 billion to help fund the repayments.

Other posts by :

1. FCC boss praises AST SpaceMobile
2. Rakuten makes historic satellite video call
3. Rocket Lab confirms D2C ambitions
4. Turkey establishes satellite production ecosystem
5. Italy joins Germany in IRIS2 alternate thoughts
6. Kazakhstan to create museum at Yuri Gagarin launch site
7. AST SpaceMobile gets $42 or $1500 price target
8. Analyst: GEO bloodbath taking place
9. SES AGM results: Appaloosa still objecting

Categories: Articles, Business, M&A