AT&T Inc. has agreed to sell its Puerto Rican and U.S. Virgin Islands businesses to Liberty Latin America Ltd. for $1.95 billion in cash, allowing the telecommunications giant to shave its debt load and move closer to repurchasing shares.
AT&T’s operation in Puerto Rico provides cellular, landline and internet connections. It had 1.1 million wireless subscribers. As part of the deal, about 1,300 AT&T employees will be transferred to Liberty Latin America.
...https://www.wsj.com/articles/at-t-to-sell-puerto-rico-and-u-s-virgin-islands-operations-11570624070
2019-10-09 13:25:00Z
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