Brett Feldman on DirectTV divestiture
From AT&T (NYSE: T) - Q3 2024 Earnings Call · · Business Presentations
“In the quarter we also announced that we reached an agreement to sell a remaining 70% stake in Direct TV to tpg in a non-contingent transaction subject only to customary closing conditions and separate from the regulatory process associated with the Direct TV DISH transaction. This sale and transaction structure allows us to continue our focus on being a leader in 5G and fiber connectivity throughout America while further strengthening the balance sheet.”
On , Brett Feldman, Senior Vice President of Finance & Investor Relations at AT&T, spoke about DirectTV divestiture during AT&T (NYSE: T) - Q3 2024 Earnings Call on Business Presentations.
About Brett Feldman
Brett Feldman, Senior Vice President of Finance and Investor Relations at AT&T, has been active in discussing the company's financial and operational strategy. On the company's first quarter 2026 earnings call, Feldman stated that AT&T is "operating from a position of strength" and expects "momentum and our operating trends to build" through the year. He noted that the company closed its transaction with Lumen "ahead of schedule," adding 1.1 million fiber customers and over 4 million fiber locations. Feldman also said AT&T continues to expect to repurchase approximately $8 billion of stock in 2026 and maintain a consistent pace of buybacks through 2028 as part of plans to return over $45 billion to shareholders. In a March 2026 interview on NYSE Live, Feldman discussed AT&T's $250 billion investment commitment in U.S. telecommunications infrastructure through the end of the decade. He described the Lumen deal as "a really innovative deal" that allowed AT&T to acquire fiber optic internet assets serving consumers in the Lumen footprint. Feldman also addressed the company's workforce, stating that AT&T has over 110,000 employees in the United States and is adding technicians to support its investment, noting that only 5% of positions at the company require a college degree.