AT&T Inc. is considering a public share offering for its Latin American pay TV assets to use the proceeds to cut debt from its proposed Time Warner Inc. deal, Bloomberg News reported Oct. 12, citing sources with knowledge of the plans.
A potential offering could value the business in the range of $8 billion to $10 billion, depending on which assets are included, one source said.
AT&T's total debt will go up to nearly $180 billion once the deal closes, which is expected to happen by the end of the year.
Sources also said the carrier has not decided what it intends to do with the business. The company has yet to hold talks with potential buyers about selling the operations, according to the report.