AT&T announced last Thursday that it would be selling off its non-core assets in order to gain additional financial flexibility. The company declined though on what assets would be offered.
Brad Burns, AT&T spokesperson, declined to give a comment on speculations. The rumors were floated by an RBC analyst saying that the telecommunications company would be selling off its broadcast towers. What Burns did say was, AT&T are observing that others in the industry are selling off its non-core assets and added further "If we wanted additional flexibility, that could be an option for us too."
He commented, "In all cases, our decisions are driven by what's right for the company and for our shareowners, so in that sense, nothing's off the table. But any comments by analysts about potential sales are simply speculation. The bottom line is we have attractive assets that could be a potential source of cash."
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