AT&T

Sources: AT&T agreed last week to a deal worth up to $2B to upgrade the FirstNet emergency cellular network it runs for the US Commerce Department

AT&T agrees to buy spectrum licenses from EchoStar for ~$23B in cash, adding ~50MHz of spectrum, expected to close by mid-2026, pending regulatory approval

EchoStar Corp. has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in a deal that will help the company stay …

PE firm TPG completes its $7.6B acquisition of the remaining 70% stake in DirecTV from AT&T, marking AT&T's exit from media

Private equity firm TPG completed its $7.6 billion purchase of the 70% stake it didn't already hold in DirecTV from AT&T.

AT&T agrees to acquire Lumen's consumer fiber business for $5.75B, in an all-cash deal expected to close in H1 2026; LUMN jumps 13%+

Milana Vinn / Reuters :

AT&T's stock is up 35% in 2024 after CEO John Stankey reversed course in 2022 and spun off Warner Bros. and DirecTV, and plans to return $40B+ to shareholders

Drew FitzGerald / Wall Street Journal :

AT&T agrees to sell its majority stake in DirecTV to private equity firm TPG for $7.6B in cash, including $1.7B in pre-tax quarterly distributions in H2 2024

- DirecTV is holding advanced talks to merge with rival Dish  — AT&T and TPG are owners of DirecTV, which was founded in 1994

AT&T and satellite provider AST SpaceMobile announce an agreement to provide a space-based broadband network direct to cell phones; the deal runs through 2030

Todd Shields / Bloomberg :

AT&T finishes its cybersecurity services group divestiture and forms LevelBlue, which has 1,000+ staff in 10 countries focused on managed cybersecurity services

AT&T completed its divestiture of its cybersecurity services group and formed a joint venture with more than 1,000 employees …

AT&T chooses Ericsson to modernize its wireless network with an architecture utilizing open standards, a ~$14B project over five years; ERICB closes up 6.08%

Sources: AT&T is exploring options for its 70% DirecTV stake, such as adding a new investor or selling the stake and exiting the venture as early as August 2024