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Yahoo
04-07-2025
- Business
- Yahoo
T Optimizes Portfolio With Strategic Divestiture: Will it Fuel Growth?
AT&T, Inc. T recently announced that it has completed the divestiture of its remaining 70% stake in DIRECTV. In the second half of 2024, AT&T inked an agreement with TPG Capital, a prominent private equity firm, to sell off its ventured into the media business with the buyout of DIRECTV in 2015. It also acquired WarnerMedia in 2018. However, its venture into the media business was plagued by a constant decline in subscriptions. Continued cord-cutting remains a perennial challenge as consumers increasingly cancel pay TV packages for cheaper streaming options from Netflix, Amazon, Hulu and other services. Several factors, such as easy multi-device access and personalized recommendations, gave customers more transparency and control, making them a more lucrative choice for new era audiences. DIRECTV was playing catch-up with Netflix, Amazon and others and constantly losing subscribers in the DIRECTV became a non-core asset for AT&T. The acquisition led to higher debt and also diverted capital from its core business of 5G wireless and fiber network. Hence, the offloading of DIRECTV is a prudent decision from AT&T's management. It will allow AT&T to focus on its primary growth engines. The company has received $19 billion through prior TPG distributions and will also receive an additional $7.6 billion by 2029. The cash infusion is set to lower the debt burden and improve liquidity. AT&T is placing strong emphasis on strengthening its 5G portfolio and also aggressively pushing for fiber network expansion nationwide. The gain from divestiture will likely help in accelerating such faces stiff competition from other major players, such as Charter Communications, Inc. CHTR and Comcast Corporation CMCSA, on multiple fronts, such as broadband Internet, wireless services, enterprise and B2B services. Both Charter and Comcast and steadily investing to expand their network infrastructure. Charter's Spectrum Mobile has expanded 5G coverage nationwide. As of March 31, 2025, the company served 10.4 million mobile lines. In an attempt to stay competitive, Comcast has ventured into the U.S. wireless industry with the nationwide rollout of its wireless services under the Xfinity Mobile both companies are struggling to retain subscribers in the cable TV and video content front. Online video streaming service providers, including Netflix, Hulu, HBO, Amazon Prime and YouTube, have become a significant threat to cable TV operators due to their extremely cheap source of TV programming and solid content. AT&T has gained 51.8% over the past year compared with the Wireless National industry's growth of 26.7%. Image Source: Zacks Investment Research Going by the price/book ratio, the company's shares currently trade at 13.27 forward earnings, lower than 13.53 of the industry but above its mean of 10.67. Image Source: Zacks Investment Research Earnings estimates for 2025 and 2026 have remained unchanged for the past 60 days. Image Source: Zacks Investment Research AT&T currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T Inc. (T) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report Charter Communications, Inc. (CHTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
04-07-2025
- Business
- Globe and Mail
T Optimizes Portfolio With Strategic Divestiture: Will it Fuel Growth?
AT&T, Inc. T recently announced that it has completed the divestiture of its remaining 70% stake in DIRECTV. In the second half of 2024, AT&T inked an agreement with TPG Capital, a prominent private equity firm, to sell off its stake. AT&T ventured into the media business with the buyout of DIRECTV in 2015. It also acquired WarnerMedia in 2018. However, its venture into the media business was plagued by a constant decline in subscriptions. Continued cord-cutting remains a perennial challenge as consumers increasingly cancel pay TV packages for cheaper streaming options from Netflix, Amazon, Hulu and other services. Several factors, such as easy multi-device access and personalized recommendations, gave customers more transparency and control, making them a more lucrative choice for new era audiences. DIRECTV was playing catch-up with Netflix, Amazon and others and constantly losing subscribers in the process. Hence, DIRECTV became a non-core asset for AT&T. The acquisition led to higher debt and also diverted capital from its core business of 5G wireless and fiber network. Hence, the offloading of DIRECTV is a prudent decision from AT&T's management. It will allow AT&T to focus on its primary growth engines. The company has received $19 billion through prior TPG distributions and will also receive an additional $7.6 billion by 2029. The cash infusion is set to lower the debt burden and improve liquidity. AT&T is placing strong emphasis on strengthening its 5G portfolio and also aggressively pushing for fiber network expansion nationwide. The gain from divestiture will likely help in accelerating such initiatives. AT&T faces stiff competition from other major players, such as Charter Communications, Inc. CHTR and Comcast Corporation CMCSA, on multiple fronts, such as broadband Internet, wireless services, enterprise and B2B services. Both Charter and Comcast and steadily investing to expand their network infrastructure. Charter's Spectrum Mobile has expanded 5G coverage nationwide. As of March 31, 2025, the company served 10.4 million mobile lines. In an attempt to stay competitive, Comcast has ventured into the U.S. wireless industry with the nationwide rollout of its wireless services under the Xfinity Mobile brand. However, both companies are struggling to retain subscribers in the cable TV and video content front. Online video streaming service providers, including Netflix, Hulu, HBO, Amazon Prime and YouTube, have become a significant threat to cable TV operators due to their extremely cheap source of TV programming and solid content. T's Price Performance, Valuation and Estimates AT&T has gained 51.8% over the past year compared with the Wireless National industry's growth of 26.7%. Going by the price/book ratio, the company's shares currently trade at 13.27 forward earnings, lower than 13.53 of the industry but above its mean of 10.67. Image Source: Zacks Investment Research Earnings estimates for 2025 and 2026 have remained unchanged for the past 60 days. AT&T currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AT&T Inc. (T): Free Stock Analysis Report Comcast Corporation (CMCSA): Free Stock Analysis Report Charter Communications, Inc. (CHTR): Free Stock Analysis Report
Yahoo
02-07-2025
- Business
- Yahoo
AT&T and TPG Close DIRECTV Transaction
DALLAS, July 2, 2025 /CNW/ -- AT&T completes sale of entire remaining 70% stake in DIRECTV to TPG. Today AT&T (NYSE:T) announced it has closed its previously announced transaction to sell its entire remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private equity platform of global alternative asset management firm TPG. To automatically receive AT&T financial news by email, please subscribe to email alerts. About AT&T We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at Investors can learn more at © 2025 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property. View original content to download multimedia: SOURCE AT&T View original content to download multimedia: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
AU Financial Review
30-05-2025
- Business
- AU Financial Review
Brookfield has made private equity's life harder after Healthscope
It's hard to go past the $2.2 billion Myer float for top spot in the list of Australian private equity disasters of the 21st century. The department store chain was relisted on the ASX in 2009, three years after a consortium led by US private equity firm TPG Capital bought the Melbourne-based business. Things went sour immediately when Myer closed below its offer price on day one. In the following years the share price has never traded above the IPO mark. This was particularly galling for investors because TPG had no skin in the game after pocketing an estimated $1.5 billion from the float. For its part, TPG then became the subject of a major tax avoidance controversy. When the Australian Taxation Office took court action to freeze TPG's bank accounts, claiming that substantial capital gains tax was owed, it found that all but $45 of the Myer sale proceeds had been transferred to offshore tax havens in Luxembourg and the Cayman Islands.
Forbes
31-03-2025
- Business
- Forbes
Leadership Development Amid Economic Shifting Sands
Kurische Nehrung - Shifting dune', 1931. From Deutschland by Kurt Hielscher. [F. A. Brockhaus, ... More Leipzig, 1931] Artist: Kurt Hielscher. (Photo by) Today's business world seems to change rapidly, like sand shifting on a stormy beach. As a business leader, it can be tough to stay balanced. Economic uncertainties, tech changes, and shifting market trends often feel confusing and scary. Quick shifts in U.S. policy, like President Trump's new tariffs, create big challenges for small business leaders. During tough times, mentorship can be a strong support for stability, growth, and a path for clear leadership. Mentorship isn't sharing advice. It's a two-way relationship where mentors help mentees grow. It provides a clear space for sharing wisdom, experiences, and strategies. This contributes to the growth of everyone in their professional and personal lives. The relationship boosts organizational effectiveness. It speeds up learning and supports ongoing improvement at every business level. I, for one, am a 100% product of mentorship over three decades. Many executives attribute their success to key mentors. These mentors offered guidance during crucial times in their careers. As leadership expert Sharon Gill notes, mentorship offers key chances to reflect, learn, and grow. The mentor-mentee relationship helps people find their potential. It also boosts self-awareness and personal growth. Personal growth and enhanced self-awareness are major benefits of becoming involved. These programs make us think about our experiences, strengths, and weaknesses. They help us build true self-awareness. This reflection helps the mentor's leadership style. It also sets a strong example for the mentee, encouraging vulnerability and authenticity. Self-awareness is key for good leadership. It helps leaders make better decisions, boosts emotional intelligence, and improves team management. For instance, the mentorship philosophy of David Bonderman, founder of the private equity giant TPG Capital. Bonderman highlights trust and authenticity. He shows that true self-awareness in leadership leads to strong impacts on mentees. This fosters significant professional growth. One profound, yet often overlooked, advantage of mentorship is the reciprocal nature of learning. Good mentors keep learning and improving their skills. This helps them give useful and smart advice. Mentorship programs should encourage mentors to seek new learning paths. This can include podcasts, industry publications, and new technologies. For example, they can explore AI tools like ChatGPT or platforms like MentorcliQ. Mastercard recently launched an AI-driven mentorship initiative for small businesses. The program shows how mentorship looks in the future. It offers real-time business guidance for entrepreneurs. This helps both mentors and mentees see the value of keeping up with tech innovations. Another big benefit is that mentorship grows professional networks. It creates chances to collaborate and opens doors for career growth. Project Europe is an initiative started by well-known European tech founders from Shopify and Klarna. The project offers mentorship and financial support. This helps young entrepreneurs connect with valuable professional networks. This approach shows that mentorship can boost careers and support whole economies. So, how do you start if you don't have access to an existing program. One way is to create Your Own Effective Mentorship a successful mentorship program doesn't need big resources. It just takes care and smart planning. Try these steps Pair mentors and mentees with matching skills, shared goals, and similar personalities. A deliberate matching process ensures each relationship maximizes its potential. Personality tests and discovery sessions can improve compatibility in mentorships. They also help boost productivity in these pairings. Mentors can gain a lot from training. They learn about effective communication, feedback methods, and emotional intelligence. Providing mentors with resources, workshops, or coaching can help them deliver impactful guidance. Ongoing support during mentorship is crucial. It helps keep relationships productive, engaging, and rewarding. Setting clear goals and expectations at the start of the program helps keep everyone focused and on track. Scheduled check-ins, evaluations, and feedback sessions ease adjustments and strengthen accountability. Good mentorship works best when both sides understand what success means. They should also be able to check their progress without reservation. Mentorship should be a key part of the organizational culture, not just a one-time effort. When senior leaders show mentorship behaviors, it sets a strong example. Also, recognizing mentors publicly highlights their contributions. This approach helps make mentorship a core part of the company's culture. Celebrating mentorship and giving clear rewards helps create a strong culture of learning and growth in the organization. Effective mentorship programs undergo constant evolution. Incorporate feedback loops to gather insights from both mentors and mentees on a consistent basis. Using this feedback helps keep mentorship programs relevant and effective. It also ensures they meet the changing needs of employees and the wider market. One great thing about exploring this world is finding programs right in your backyard. You might also discover options in other parts of the country where you, as a mentor, want to grow. One personal anecdote is a program I found called Pipeline Entrepreneurs. A tremendous company focusing on the startup and small business ecosystem in Kansas City. With a little looking, you'll likely find a fast and easy way for you to contribute and while your at it bolster your own leadership style.
