AT&T considers sale of home security business: sources
Liana B. Baker for Reuters: AT&T Inc (T.N) is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc (TWX.N), people familiar with the matter said.
The divestiture would mark a reversal for AT&T, which entered the U.S. home security market with the introduction of Digital Life in 2013. The service offers customers sensors and cameras so they can monitor their homes and pets on their phones.
Digital Life accounted for a tiny fraction of AT&T's $163.8 billion in revenue in 2016. It is estimated to have between 400,000 and 500,000 customers and may fetch close to $1 billion in a sale, the sources said.
While this would do little to reduce AT&T's debt, which totaled $143.7 billion on June 30, the sale could be a prelude to more divestitures, the sources added.
They requested anonymity because the deliberations are confidential. AT&T declined to comment. Full Article:
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