Stratrix
On the Record · AT&T

AT&T acquisitions, on the record

The businesses AT&T bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
WarnerMedia business (merged with Discovery, Inc. to form Warner Bros. Discovery, Inc.)
Word for word“On April 8, 2022, we completed the separation and distribution of our WarnerMedia business, and merger of Spinco, an AT&T subsidiary formed to hold the WarnerMedia business, with a subsidiary of Discovery, Inc., which was renamed Warner Bros. Discovery, Inc (WBD).” 10-K for 2022
divestitureOn April 8, 2022—
marketplace component of Xandr
Word for word“On June 6, 2022, we completed the sale of the marketplace component of Xandr to Microsoft Corporation.” 10-K for 2022
divestitureOn June 6, 2022—
Vrio (Latin America video operations)
Word for word“On November 15, 2021, we completed the sale of our Latin America video operations, Vrio, to Grupo Werthein and recorded a note receivable of $ 610 to be paid over four years , of which $ 300 is in the form of seller financing and the remainder is related to working capital adjustments.” 10-K for 2022
divestitureOn November 15, 2021—
65.3 % interest in Central European Media Enterprises Ltd. (CME)
Word for word“On October 13, 2020, we completed the sale of our 65.3 % interest in CME, a European broadcasting company, for approximately $ 1,100 .” 10-K for 2022
divestitureOn October 13, 2020approximately $ 1,100
wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands
Word for word“On October 31, 2020, we completed the sale of our wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands for approximately $ 1,950 and recorded a pre-tax loss of $ 82 .” 10-K for 2022
divestitureOn October 31, 2020approximately $ 1,950
ATTC
Word for word“In 2005, we merged one of our subsidiaries with ATTC, creating one of the world’s leading telecommunications providers.” 10-K for 2023
mergerIn 2005—
BellSouth Corporation
Word for word“In 2006, we acquired ILEC BellSouth Corporation (BellSouth), which included BellSouth’s 40 percent economic interest in AT&T Mobility LLC (AT&T Mobility), formerly Cingular Wireless LLC, resulting in 100 percent ownership of AT&T Mobility.” 10-K for 2023
acquisitionIn 2006—
Leap Wireless International, Inc.
Word for word“In 2014, we completed the acquisition of wireless provider Leap Wireless International, Inc.” 10-K for 2023
acquisitionIn 2014—
WarnerMedia
Word for word“In connection with and in accordance with the terms of the Separation and Distribution Agreement (SDA), prior to the distribution and merger, AT&T received approximately $ 40,400 , which includes $ 38,800 of Spinco cash and $ 1,600 of debt retained by WarnerMedia.” 10-K for 2023
divestiture—approximately $ 40,400
Vrio
Word for word“On November 15, 2021, we completed the sale of our Latin America video operations, Vrio, to Grupo Werthein and recorded a note receivable of $ 610 to be paid over four years , of which $ 300 is in the form of seller financing and the remainder is related to working capital adjustments.” 10-K for 2023
divestitureOn November 15, 2021$ 610
Pacific Telesis Group
Word for word“• Our subsidiaries merged with incumbent local exchange carriers (ILEC) Pacific Telesis Group in 1997 and Ameritech Corporation in 1999.” 10-K for 2024
merger1997—
select spectrum licenses from United States Cellular Corporation (UScellular)
Word for word“Additionally, in November 2024, we agreed to purchase select spectrum licenses from United States Cellular Corporation (UScellular) for approximately $1,000, subject to closing conditions, including the consummation of UScellular’s proposed sale of its wireless operations and select spectrum assets to T-Mobile US, Inc.” 10-K for 2024
agreed acquisitionNovember 2024approximately $1,000
Lumen's Mass Markets fiber business
Word for word“On February 2, 2026, we completed the transaction and expect to manage the customer relationships in our Consumer Wireline business and place the fiber network assets in a new, wholly owned subsidiary.” 10-K for 2025
acquisitionOn February 2, 2026—
FCC licenses in the 600 MHz and 3.45 GHz bands from EchoStar Corporation
Word for word“On August 25, 2025, we agreed to purchase FCC licenses in the 600 MHz and 3.45 GHz bands from EchoStar Corporation for approximately $ 23,000 , subject to certain adjustments.” 10-K for 2025
agreed acquisitionOn August 25, 2025approximately $ 23,000
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Goodwill from acquisitions
2016-12-31$2.96 billion$481 million
2017-12-31−$1.12 billion$210 million
2018-12-31$43.31 billion$41.68 billion
2019-12-31$1.81 billion$66 million
2020-12-31$1.63 billion$415 million
2021-12-31$25.45 billion—
2022-12-31$10.2 billion—
2023-12-31$2.94 billion—
2024-12-31$380 million—
2025-12-31$379 million—

Deal filings since 2016

Read from AT&T’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.