AT&T says could sell non-core assets
NEW YORK (Reuters) - AT&T Inc (T.N) said on Thursday that it could sell non-core assets if it wanted additional financial flexibility, but declined say which assets might be offered.
AT&T spokesman Brad Burns declined to comment on speculation from an RBC analyst that the company could sell its wireless broadcast towers. RBC did not return Reuters phone calls seeking comment.
Burns said in an email that AT&T has seen others in the industry sell non-core assets, and "if we wanted additional flexibility, that could be an option for us, too."
"In all cases, our decisions are driven by what's right for the company and for our shareowners, so in that sense, nothing's off the table," Burns said. "But any comments by analysts about potential sales are simply speculation."
"The bottom line is we have attractive assets that could be a potential source of cash," Burns said in an emailed statement.
He said, however, that company has "a solid financial position with a strong balance sheet," including record cash flows in 2012 and expectations for $14 billion or more in free cash flow in 2013.
(Reporting By Sinead Carew)
NEW YORK - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.
- The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.