Saturday, 15 December 2018

DirecTV takes $1.1bn charge on Venezuela assets

By Mary Lennighan, Total Telecom
Monday 19 October 15

AT&T-owned pay TV provider to restate Q2 financials using alternate exchange rate for Venezuelan bolivar.

DirecTV will restate its financial results for the most recent quarter to include a US$1.1 billion pre-tax charge linked to the value of its assets in Venezuela. The U.S.-based pay TV provider, which became part of AT&amp…

DirecTV will restate its financial results for the most recent quarter to include a US$1.1 billion pre-tax charge linked to the value of its assets in Venezuela. The U.S.-based pay TV provider, which became part of AT&amp…

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