Equities

Reuters first to report AT&T exploring sale of its Puerto Rico business

Reuters first to report AT&T exploring sale of its Puerto Rico business

Reuters was first to report that AT&T Inc, the second-largest U.S. wireless carrier, is exploring options for its business in Puerto Rico that could include a potential sale for around $3 billion. The sale process comes as AT&T, the second-largest U.S. wireless carrier, seeks to cut the debt pile it took on to purchase Time Warner Inc for $85 billion last year.