AT&T Writes Off Over $1 Billion Of Venezuelan AssetsMani
AT&T is wiping off $1.1 billion from its books or almost the entire value of DirecTV’s Venezuela assets using a more conservative exchange rate between Venezuela bolivars and U.S. dollars. The announcement comes about three months after AT&T completed its $48.5 billion acquisition of DirecTV.
AT&T valuing Venezuela assets on conservative basis
As reported by ValueWalk, AT&T spent $48 . . .
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