The hedge fund took a $3.2bn stake in AT&T last week and is waging a campaign for an overhaul of the business. This includes a sale of DirecTV, the cable TV business acquired by AT&T back in 2014 for $67.1bn including debt. It is easy to see why Elliott thinks DirecTV should go.

source https://finance.yahoo.com/m/ebd55f7b-635d-3dc1-a7cb-685b822b5a87/at%26t%2Felliott%3A-diminished-cord.html?.tsrc=rss