Quantcast

AT&T Board Favors Spin-Off

The board of directors at AT&T Corp. is reportedly in favor of spinning off the company’s struggling consumer long-distance business to shareholders rather than selling outright what was once a core unit of the telecommunications giant.<br /><br />The company has been pursuing various deals, including merging its wireless unit with a major competitor, in order to boost its dwindling stock price.

Leave a Reply

Your email address will not be published. Required fields are marked *

*