October 9, 2019 / 1:03 PM / 5 days ago

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

Oct 9 (Reuters) - Telecommunications carrier AT&T Inc said on Wednesday it will sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd 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 debt pile it took on to purchase Time Warner Inc for $85 billion last year.

AT&T’s business in Puerto Rico comprises internet, TV, landlines and business services. (Reporting by Neha Malara in Bengaluru; Editing by Shailesh Kuber)

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