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Last week in media: corporate actions at AT&T, Mediaset and Lions Gate, profit warning from Publicis
2019-10-14 07:02:00| Telecompaper Headlines
(Telecompaper) AT&T enjoyed a solid opening weekend for its much anticpated Joker movie. Sony is prepping the launch of its PlayStation 5 console for 2020 and Deezer may be aiming for a stock market listing by 2020. The courts halted the planned merger of Mediaset and Mediaset Spain, while AT&T sold its Latin America unit and Lions Gate was looking to spin off its Starz business. A profit waring turned Publicis into last week's biggest loser, down 17 percent. The Telecompaper Global Media index ended week 41 up 0.9 percent, ahead of the S&P 500 (+0.6%).
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AT&T to sell off Caribbean assets for $1.95bn
2019-10-10 02:00:00| Total Telecom industry news
AT&T has announced that it is to sell off its wireless and fixed line assets in Puerto Rico and the US Virgin Islands, in an attempt to address the company's high levels of debt. As part of the deal, AT&T will divest all of its assets in the US territories, including associated spectrum, real estate and its customer base, comprising 1…read more on TotalTele.com »
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AT&T sells Puerto Rico, USVI assets to Liberty Latin America for USD 1.95 bln
2019-10-09 16:46:00| Telecompaper Headlines
(Telecompaper) AT&T has agreed to sell its operations in Puerto Rico and the US Virgin Islands to Liberty Latin America for USD 1.95 billion in cash, confirming earlier reports. In a statement, the US operator said it expects the deal to close within 6 to 9 months following review by the FCC and the Department of Justice. It added that the sale includes network assets, leases and real estate, 1.1 million mobile subscribers and contracts. A total of 1,300 current AT&T employees will move over to Liberty Latin America at the close of the deal.
Is AT&T CEO's job really under threat from activist investor?
2019-09-24 02:00:00| Total Telecom industry news
News reports from across the telecoms industry on Tuesday suggested that activist investor Elliott Management is pushing for a management overhaul at AT&T and that chief executive Randall Stephenson could be in the firing line. But there seems to be some sensationalist reporting at play here…read more on TotalTele.com »
Last week in media: Naspers down as Prosus is listed, AT&T under fire from Elliott, Facebook and Google under investigation
2019-09-16 07:01:00| Telecompaper Headlines
(Telecompaper) Last week, Naspers listed its consumer internet unit Prosus in Amsterdam. Walt Disney unexpectedly launched its much anticipated Disney+ service in a single country, the Netherlands, for a free trial until the official launch date in November. Naspers, as a result of the partial spin-off of Prosus, lost 30 percent in week 37. Other than that, IAC was the biggest loser, down 7.1 percent. The winners included Salem Media (+22%), comScore (+16%) and ProSieben (+15%). Our Global Media index was up 0.5 percent for the week, against a gain of 1.0 percent for the S&P 500 index.
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