Page 16 - Bill Morrow News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NBN Co to pay down govt debt with $2B US bond raise NBN Co to pay down govt debt with $2B US bond raise The proceeds will be used for general corporate purposes, including the refinancing of NBN Co’s federal government loan and to fund future capital expenditure plans. Credit: NBN Co Australia’s National Broadband Network (NBN) builder, NBN Co, has undertaken its inaugural finance raising effort in the United States capital markets, pricing a US$2 billion bond issue.  The issue was made up of a five-year bond of US$750 million and a 10-year bond of US$1.25 billion...

AT&T has reached a deal with TPG Capital to spin off its U.S. video business unit of DIRECTV, AT&T TV, and U-verse. The transaction, announced Feb. 25., will separate AT&T’s U.S. video business into a new company named DirecTV.  The deal values the business at $16.3 billion. AT&T expects to receive $7.6 billion in cash when the transaction closes.  Following the close of the transaction, AT&T will own 70% of the common equity and TPG will own 30%. Bill Morrow, CEO of AT&T’s U.S. video unit will lead the company.  AT&T bought DirecTV in 2015 in a deal valued at $48.5 billion. Includin...

AT&T's long-awaited sale of a 30 percent DirecTV stake to TPG is complete, with the deal also including U-verse and AT&T TV.

The deal, unveiled Thursday, gives TPG a 30% stake. The deal values the company at $16.25 billion, a fraction of DirecTV's value just six years ago.

AT&T just announced an agreement with private equity firm TPG that will turn DirecTV into a standalone company, albeit one that’s still majority owned by the telecom giant. Specifically, AT&T says it will own 70% of the new company, while TPG owns 30%. This transaction values DirecTV at $16.25 billion — a dramatic decline from […]