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AT&T to sell certain assets in Puerto Rico, U.S. Virgin Islands for $1.95 billion

AT&T to sell certain assets in Puerto Rico, U.S. Virgin Islands for $1.95 billion

(Reuters) - AT&T Inc ( T.N ) said on Wednesday it would sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd ( LILA.O ) for $1.95 billion, as the second-largest U.S. wireless carrier cuts its huge debt pile. The deal comes as the company faces calls from activist investor Elliott Management to

AT&T to sell certain assets in Puerto Rico and U.S. Virgin Islands for $1.95 billion

AT&T to sell certain assets in Puerto Rico and U.S. Virgin Islands for $1.95 billion

(Reuters) - Telecommunications carrier AT&T Inc ( T.N ) said on Wednesday it will sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd ( LILA.O ) for $1.95 billion in cash. Reuters had earlier reported that the company was exploring a sale for its Puerto Rican assets for $3 billion to cut the