Elliott Takes $3.2 Billion Stake in AT&T, Seeks Asset Sales

The video discusses AT&T's historical underperformance and recent actions aligned with Elliott Management's suggestions, such as selling non-core assets and reducing debt. It highlights challenges in asset valuation, particularly with Latin America assets, and the impact of a large retail shareholder base on strategic changes. The video also touches on the potential for mergers and the attractiveness of AT&T's dividend yield.

What recent actions has AT&T taken that align with Elliott's suggestions?

• Hiring new executives

• Expanding into new markets

• Selling non-core assets

• Increasing dividend payouts

What is a potential challenge AT&T faces in selling its Latin American assets?

• Technological limitations

• Lack of interested buyers

• Regulatory hurdles

• High valuation expectations

What strategic issue is highlighted regarding AT&T's acquisition of Time Warner?

• Lack of strategic rationale

• Excessive operational costs

• Poor integration with existing services

• Negative public perception

Why might AT&T's large retail shareholder base affect its strategic decisions?

• They prefer stable investments

• They have significant voting power

• They demand higher dividends

• They are more risk-averse

What is the current dividend yield offered by AT&T?

• 7%

• 4%

• 6%

• 5%