28 days ago • Posted by William Ramstein
AT&T WarnerMedia deal adds to its debt load
AT&T plans to combine its WarnerMedia assets with Discovery to make a new entity. This shows just how hard it is for US companies to compete effectively in both wireless and streaming markets. While the spectrum was considered essential for AT&T's long-term 5G ambitions, it set the company back on its efforts to pay down debt. AT&T ended the first quarter of 2021 with net debt totaling $197.71 billion, up from $173.22 billion at the end of 2020. Hefty loans and maturities totaling more than $15 billion are due as soon as 2022.