AT&T hopes to offset some of its debt by selling certain assets, reports Reuters. In particular, AT&T may offload several data centers worth about $2 billion, according to sources familiar with AT&T’s plans.
AT&T will need to write the government a check for $18 billion to cover the spectrum licenses it won during the recent AWS-3 auction. AT&T has hired a financial planner to help finalize the sales. AT&T has already sold other assets, including portions of its wireline business and some of its cell towers.
AT&T didn’t comment on Reuters’ story. Verizon Wireless is expected to sell assets, too, in order to strengthen its balance sheet. Verizon spent about $10 billion in the same auction.
