FILE PHOTO: President and CEO of Discovery David Zaslav speaks during the Discovery portion of the Television Critics Association (TCA) Summer Press Tour in Beverly Hills, California, U.S., July 25, 2019. REUTERS/Danny Moloshok/File Photo
(Reuters) - AT&T Inc spent billions of dollars over the last few years buying media assets, including Time Warner and DirecTV as it looked for growth beyond an increasingly competitive cellular market.
With a spin off of its media assets to Discovery Inc on Monday and the sale of it stake in DirecTV to buyout firm TPG Capital earlier this year, AT&T is now working on streamlining its business, paying down its debt and focusing on expanding its 5G network.
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