October 28, 2019 / 11:16 AM / 2 months ago

AT&T to add new directors, sell assets

Oct 28 (Reuters) - AT&T Inc said on Monday it would consider adding two new board members and selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor Elliott Management.

Elliott has been pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations in one of its most ambitious investor campaigns to date. (Reporting by Ayanti Bera in Bengaluru Editing by Saumyadeb Chakrabarty)

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