NEW YORK: AT&T has internally discussed about selling its HBO Europe business as the telecom group aims to reduce a debt pile of US$170 billion, the Financial times reported, citing current and former senior executives.
Comcast-owned Sky would be an"obvious buyer" given its relationship with HBO, the paper said, citing people at AT&T and HBO. Sky distributes HBO content in the UK, Germany and Italy.HBO became part of AT&T after the telecom group closed its US$85 billion acquisition of Time Warner Inc last year. HBO Europe is one of several assets AT&T has considered selling but has not held formal talks with any potential buyers, the paper added.
In November, AT&T said it had committed to cutting its heavy debt load in 2019 through a variety of measures, including a review of all of its non-core assets such as its stake in streaming video company Hulu for possible sale.
Source: News Formal (newsformal.com)
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