AT&T*
announced today that it has completed its sale of AT&T Advertising
Solutions and AT&T Interactive to an affiliate of Cerberus Capital
Management, L.P.
As previously announced, AT&T received approximately $750 million in
cash, a $200 million note and a 47-percent equity interest in the new
entity YP Holdings LLC. AT&T expects a minimal effect on 2012 earnings
from the transaction and does not expect to record a material gain or
loss on the transaction.
*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.
About AT&T
AT&T Inc. (NYSE:T) is a premier communications holding company and one
of the most honored companies in the world. Its subsidiaries and
affiliates – AT&T operating companies – are the providers of AT&T
services in the United States and around the world. With a powerful
array of network resources that includes the nation’s largest 4G
network, AT&T is a leading provider of wireless, Wi-Fi, high speed
Internet, voice and cloud-based services. A leader in mobile Internet,
AT&T also offers the best wireless coverage worldwide of any U.S.
carrier, offering the most wireless phones that work in the most
countries. It also offers advanced TV services under the AT&T U-verse®
and AT&T │DIRECTV brands.
Additional information about AT&T Inc. and the products and services
provided by AT&T subsidiaries and affiliates is available at http://www.att.com.
This AT&T news release and other announcements are available at http://www.att.com/newsroom and
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© 2012 AT&T Intellectual Property. All rights reserved. 4G not available
everywhere. AT&T, the AT&T logo and all other marks contained herein are
trademarks of AT&T Intellectual Property and/or AT&T affiliated
companies. All other marks contained herein are the property of their
respective owners.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press 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.
