Want 69% In AT&T? Shell Out $1,000
from the what's-the-point? dept
AT&T has sold 69% of their Latin American subsidiary for a grand total of $1,000 cash. Of course, the acquiring company, Southern Cross Group LLC, takes on a struggling telecom company with tremendous debts that has already said it may need to declare bankruptcy. What I don't understand is when you get down to the point where it's only costing $1,000 to get the entire company off their hands why they even bother exchanging any money at all?Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
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