DirecTV is now his own company again after AT & T closes an agreement with the TPG private equity company, which was first announced in February. Under their agreement, the TPG will have 30 percent of spin-off, while cellular giants will maintain 70 percent ownership. As its own company, DirecTV will no longer operate under AT & T and will have and run AT & T TV video services and u-verses under one brand known as “DirecTV stream” later this month. New spin-off says customers will not even feel the transition: streaming services will continue to be available and customers will not be blind with hidden costs.

AT & T received $ 7.1 billion in cash for sales, which was a small faction of $ 49 billion which was originally paid when buying DirecTV in 2015. At that time, the former AT & T CEO Randall Stephenson said it combines customers more choices for entertainment Videos that are integrated with mobile and high-speed internet services. “According to the Los Angeles Times, AT & T has lost 40 percent of the original DirectV customer number since then, and in the second quarter of 2021, DirecTV reported having 15.4 million premium video customers.

The telecommunications giant has tried to reduce DirecTV since at least 2019, but has not announced something concrete until the beginning of this year. This agreement does not include HBO MAX streaming services, which will be part of a separate spirof spirof company. In May, AT & T announced an agreement of $ 43 billion who would see the WarnerMedia division joined the discovery. It is hoped that it was closed in mid 2022, four years after AT & T completed the acquisition of Warner’s $ 85 billion time. The two agreements and spin-roffs will help efforts to reduce AT & T debt. For a time limit, it has taken several steps, including selling assets, over the past few years to reduce the debt he has obtained because of the massive multimedia acquisition.