Deals
AT&T Is Weighing Sale of Puerto Rican Unit to Pay Down Debt
- The business could fetch about $3 billion in a potential deal
- Carrier has been pondering options since Time Warner merger
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AT&T Inc., looking for ways to pay down debt after the $85 billion takeover of Time Warner Inc. last year, is considering the sale of its Puerto Rican operations, according to a person familiar with the situation.
The business could fetch about $3 billion, said the person, who asked not to be identified because the matter is private. The potential sale was reported earlier Thursday by Reuters.