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AT&T Inc. to Explore Initial Public Offering of Minority Interest in DIRECTV Latin America

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AT&T Inc.* (NYSE:T) today announced that it is exploring an initial public offering (IPO) of a minority interest in its Latin America entertainment services business, DIRECTV Latin America, in the first half of 2018. The company has confidentially filed a registration statement with U.S. regulators. No assurance can be given that an IPO will be completed.

This announcement is being issued pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

*About AT&T

AT&T Inc. (NYSE:T) is a holding company. AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.

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Cautionary Language Concerning Forward-Looking Statements

Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

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