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AT&T Eyes DIRECTV Latin America IPO

February 7, 2018

AT&Tis exploring an initial public offering (IPO) of a minority interest in its Latin America entertainment services business, DIRECTV Latin America, in the first half of 2018. The company has confidentially filed a registration statement with U.S. regulators. No assurance can be given that an IPO will be completed.

This announcement is being issued pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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