Telecom giant AT&T is considering off-loading satellite TV subsidiary DirecTV, according to the Wall Street Journal, citing sources.
The company has also mulled spinning off DirecTV into a separate company, as well as merging DirecTV’s assets with satellite-TV company Dish Network, reported the outlet.
The news comes less than a week after AT&T was sued by a group of investors for allegedly creating fake DirecTV Now accounts and artificially inflating subscriber figures for the streaming service
The federal class-action lawsuit alleges that AT&T wanted to make DirecTV Now look more successful than it is as a way to rationalize its US$85 billion acquisition of Time Warner, what is now called WarnerMedia.
Full Content: Wall Street Journal
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