Is AT&T Leaving Brazil?

BTIG Research believes that AT&T could be selling its DirecTV satellite television business in Brazil to Spanish telecommunications company, Telefonica.

The speculation follows news on Monday that one of the country's largest wireless firms, Oi, filed for bankruptcy.

AT&T has had success in another Latin American market, Mexico, but with expansion plans in doubt due to the country's economic crisis, BTIG believes the company may just pull the plug.


Read more at Investor's Business Daily Will AT&T Exit Brazil?