AT&T Completes Divestiture of DIRECTV Stake, to Focus on 5G Portfolio

AT&T has completed the divestiture of its remaining 70% stake in DIRECTV, selling to TPG Capital for $19 billion and a potential additional $7.6 billion by 2029. The move allows AT&T to focus on core growth engines, such as 5G wireless and fiber network expansion. The company faces competition from Charter and Comcast, but its divestiture and strategic initiatives should help fuel growth.