AT&T is looking to part with some data centers for about $2 billion, according to the Wall Street Journal.
The potential asset sales come as AT&T owes $18.2 billion for spectrum it won in the FCC’s recently concluded AWS-3 auction. The carrier also needs to raise money to handle debt and fund acquisitions.
According to the same report, Verizon this week is also pursuing an asset sale that could potentially net $15 billion for the carrier. Verizon spent $10.4 billion in the AWS-3 auction.
AT&T last month announced it had entered into a $9.2 billion credit agreement in order to raise funds for general corporate purposes and acquisition related expenses.
In addition to AT&T’s potential merger with DirecTV, the carrier has been busy buying wireless companies based in Mexico. In January AT&T finalized its $2.5 billion purchase of Iusacell and shortly after announced its intentions to buy Nextel Mexico for $1.88 billion.
AT&T and Verizon came out as the two top bidders in the AWS-3 auction, accounting for more than half of the $44.9 billion in total auction revenue. Dish Network was close behind, spending $10 billion in the auction.
Filed Under: Carriers
