Saturday, December 12, 2015

AT&T Would Consider Selling Latin American Assets, CEO Says

AT&T Inc., which entered the satellite-TV business in Latin America this year with its $48.5 billion acquisition of DirecTV, would consider selling or combining some assets in the region under the right conditions, Chief Executive Officer Randall Stephenson said Tuesday.

Recent regulatory reforms and a growing middle class have made Latin America attractive to AT&T. Its wireless business in Mexico is expected to post subscriber growth in the fourth quarter, Stephenson said. In other countries with struggling economic and political climates like Venezuela and Brazil, where AT&T owns Sky Brasil Servicos Ltda., the company is open to other options, he said.

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