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AT&T Books $15.5 Billion Charge on DirecTV

By Jessica Toonkel
· · Source: The Information

AT&T has booked a $15.5 billion charge on its declining DirecTV satellite business, which has been losing customers as more people cancel their pay TV subscriptions. The telecommunications giant had been hoping to have reached an agreement to sell the business by end of last year, according to people familiar with the situation. AT&T paid $47.4 billion for DirecTV in 2015, but since then...

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