AT&T to sell certain assets in Puerto Rico and U.S. Virgin Islands for $1.95 billion

(Reuters) – Telecommunications carrier AT&T Inc (T.N) said on Wednesday it will sell its wireless and wireline operations in Puerto Rico and U.S. Virgin Islands to Liberty Latin America Ltd (LILA.O) for $1.95 billion in cash.

Reuters had earlier reported that the company was exploring a sale for its Puerto Rican assets for $3 billion to cut the debt pile it took on to purchase Time Warner Inc for $85 billion last year.

AT&T’s business in Puerto Rico comprises internet, TV, landlines and business services.

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