DIRECTV Arises from Transaction Between AT&T and TPG Capital
San Juan – DIRECTV announced today, Wednesday, that AT&T and TPG Capital closed their transaction to establish DIRECTV as a separate video company.
Under this new company, DIRECTV owns and operates the former AT&T U.S. and Puerto Rico video business unit. With the new company, there will be no change to the products and services offered in Puerto Rico.
In a press release, DIRECTV says the new structure will allow more “significant focus, flexibility and resources to best position the business to succeed in the long term as well as deliver on a commitment to current and future customers, employees and shareholders.”
“This is a watershed moment for DIRECTV as we return to a singular focus on providing a stellar video experience,” said Bill Morrow, CEO-DIRECTV. “Building on our recent momentum, we are well-positioned to bring unparalleled choice and value to all of our customers under one iconic brand whether they beam it or stream it,” he added.