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DirecTV exploring IPO of Latin America business

February 7, 2018

AT&T is exploring an initial public offering for its Latin American DirecTV assets in the first half of the year, the company announced.

The division was acquired in the $48.5 billion purchase of DirecTV in 2015. It includes satellite TV services in the Caribbean and South American countries such as Colombia and Argentina, as well as a 93% stake in Sky Brazil and 41% ownership of Sky Mexico.

The division reported 139,000 net adds last year and finished 2017 with 13.6 million total subscribers. In total, the DirecTV Latin American assets are valued by as much as $10 billion.

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