Telefónica reportedly joined a number of potential suitors for AT&T’s Latin American pay-TV assets. According to a Reuters report, the deal could be worth $10 billion. Telefónica is the largest telco in Latin America, but lacks significant holdings in the pay-TV market.
As part of AT&T’s $48.5 billion acquisition of DirecTV last year, the carrier took a large portfolio of pay-TV assets across Latin America. AT&T CEO Randall Stephenson made it clear he has little interest in hanging on to the assets, saying in part, “they are single product companies and that’s not terribly exciting to us.”
