AT&T Inc has admitted that it could sell off selected non-core assets as part of a strategy to achieve additional financial flexibility, but has declined say which assets might be offered. AT&T spokesman Brad Burns told Bloomberg: ‘We’ve seen others in the industry sell non-core assets, and if we wanted additional flexibility, that could be an option for us too. In all cases, our decisions are driven by what’s right for the company and for our shareowners. So in that sense, nothing is off the table’.
As previously reported by TeleGeography’s CommsUpdate, in September 2012 T-Mobile USA agreed to sell the rights to operate 7,200 of its wireless towers to Crown Castle International for USD2.4 billion to help fund a network upgrade and reduce debt at its parent Deutsche Telekom.