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...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Exclusive
startups
ai
Y Combinator’s Garry Tan Goes to the Mat