Jill Goldsmith Co-Business EditorAT&T said Monday it completed the sale of its wireless and wireline operations in Puerto Rico and the U.S.
Virgin Islands to Liberty Latin America, taking in $1.95 billion. The news came several weeks after the WarnerMedia parent got a $1.1 billion cash injection as it officially unloaded its stake in Central European Media to Czech investment firm PPF Group.The telco and entertainment giant continues to pursue additional “non-core asset monetization opportunities,” it said in a statement.
Its net debt was a hefty $149 billion at the end of the September third quarter, down slightly from $151 billion a year ago.
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