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at&t considers sale of home security business - sources

by:KJTDQ     2020-06-11
By Liana B. BakerREUTERS -
AT&T Inc. is exploring options for its Digital Life home security business, including selling it as it tries to pay off its debt after the planned $85.
According to people familiar with the matter, 4 billion acquisition Time Warner.
Divestiture will mark a reversal of AT&T entering the United StatesS.
With the introduction of digital life in 2013, the home security market.
The service provides sensors and cameras for customers to monitor their homes and pets on their phones.
Of AT&T\'s $163, Digital Life accounts for only a small portion.
Income for 2016 was 8 billion per cent.
It is estimated that the company has between 400,000 and 500,000 customers, and sales revenue may be close to $1 billion, the source said.
Although this does not help AT&T\'s total debt of $143.
On 7 billion th, June 30, the sale of Keshi was more divestiture of assets, then said.
They requested anonymity because the deliberations were confidential.
AT&T declined to comment.
\"AT&T will bear an incredible debt burden (
After the Time Warner deal)
This is a dangerous proposal for a company with declining revenues, \"said Craig Moffett, analyst at MoffettNathanson research, in an email.
\"To placate bond rating agencies, they almost certainly have to find assets that can be sold.
\"AT&T said Time Warner\'s acquisition is expected to end by the end of this year.
The deal is currently being reviewed by US antitrust agencies. S.
Justice Department.
Digital Life is 80 years oldS.
Markets, including big cities such as Chicago and New York, have yet to reach American levels. S.
The service of Comcast\'s competitors.
Comcast launched the Xfinity Home Service in 2012 and said it will be close to 1 million customers this year.
A few years ago, cable operators turned to home security services to seek new sources of revenue and to rebuild profits cut by increased programming costs.
The Acquisition Company and the home security company may show interest in the AT&T department, the source said.
For example, private equity firm Apollo Global Management Co. , Ltd. acquired family safety company ADT Corp. in 2016 for about $7 billion and merged it with smaller companies in the United States. S.
Peer protection 1.
Last month AT&T sold DirecTV\'s home security arm, LifeShield, to private equity firm Hawk Capital Partners for undisclosed amounts.
Glenn Lurie, AT&T executive who oversees digital life, said earlier this month that he would retire in September. (
Report Liana B.
Baker in San Francisco
Comprehensive foreign news, Athavaley, New York, added.
Editor Lisa Von Ahn)
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