AT&T drops America Movil for DirecTV

AT&T drops America Movil for DirecTV

M&A

AT&T plans to sell its stake in America Movil, as it launches a bid for Direct TV, the US telecom said on Monday. AT&T owns 5.7m AA shares in AMX, just under a quarter of the share class. It also owns 73m, or 0.14% of the company’s L shares. The sale

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