NEW YORK: AT&T Inc, the second-biggest US wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter. The sale of the cybersecurity business would add to a string of divestments AT&
NEW YORK: AT&T Inc, the second-biggest US wireless carrier, is exploring a sale of its cybersecurity division, potentially undoing an acquisition it completed five years ago, according to people familiar with the matter.
In the last two years, AT&T sold a 30 per cent stake in its pay TV unit DirecTV to private equity firm TPG for US$1.8 billion, and received US$40.4 billion in cash by spinning off and merging its Warner Media business with Discovery Communications to form Warner Bros Discovery Inc. The sources cautioned that no deal is certain and requested anonymity because the matter is confidential. AT&T and Barclays declined to comment.
The acquisition of Alienvault was aimed at giving AT&T an edge in signing up and retaining corporate clients, but the deal's rationale has eroded as cybersecurity startups that offer cheap alternatives mushroomed.
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