DirecTV is raising $3.1 billion (€2.6bn) of so-called ‘junk bonds’ (Senior Secured Notes) to help in its split from AT&T, according to an announcement from AT&T. The offer is for a 6-year period and the bonds will be priced on July 22nd and will come from DirecTV Entertainment Holdings. The cash will be used to […]
Ed Horowitz ran SES’s Americom business from 2005-2008 and was an Executive VP at Viacom for 8 years (1989-1997) and SVP/Operations at HBO (1974-1989). In other words, he has plenty of media and satellite experience. He now wants to raise $250 million for his next venture which is very much space related. For the past […]
AT&T has hired investment bank Goldman Sachs to advise it on a sale of its DTH pay-TV operation DirecTV. AT&T bought DirecTV back in 2015 and – including the operator’s borrowings – paid some $67 billion overall ($49 billion plus debts). But the AT&T purchase happened with the rise and rise of rival content bouquets […]