AT&T to raise up to USD 653 mln in IPO of DirecTV LatAm stake

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(Telecompaper) AT&T has launched an initial public offering of a stake in Vrio Corp, the holding company for its satellite television service DirecTV Latin America. In a statement, the company said it expects the IPO of 29.7 million class A Vrio shares to raise up to USD 653 million, with the price expected at USD 19 to USD 22 per share. 
Source: Industry News (syndicated from Telecompaper.com)

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