AT&T Sells Stake In America Movil To Mitigate Regulatory Concerns About DirecTV Deal

Inmobiliaria Carso will pay AT&T $5.57 billion for its 8.3% stake, of which $4.57 billion will be paid at the close of the deal and the remaining $1 billion within the subsequent 60 days. The cash generated from this sale is expected to help AT&T in its $48.5 billion acquisition of DirecTV's equity.