AT&T mulls DIRECTV LATAM IPO | Media Investment | Business
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AT&T is exploring an initial public offering (IPO) of a minority stake in DIRECTV Latin America.

att central 23 august 2017So far, the telco has filed a registration statement with US regulators for the IPO, scheduled to take place during the first half of the year. However, the company has stated that this is no guarantee that the IPO will go ahead.

The satellite operator is one of the largest pay-TV players in Latin America, along with América Móvil’s Claro. DIRECTV ended 2017 with 13.6 million video homes in LATAM, 1.1 million more than in December 2016.

The company’s strong position has led to concerns from various antitrust agencies regarding its merger with Time Warner, which would result in a giant media conglomerate. Particularly strong concerns were held and strict conditions set in Brazil and Mexico.

During last year, there were rumours that AT&T was considering scaling down its Latin American business, with Liberty Global, Telefónica and Millicom being cited as possible buyers.