AT&T Completes Sale of Advertising Solutions and Interactive Business Units to Cerberus
As previously announced, AT&T received approximately $750 million in cash, a $200 million note and a 47-percent equity interest in the new entity YP Holdings LLC. AT&T expects a minimal effect on 2012 earnings from the transaction and does not expect to record a material gain or loss on the transaction.
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Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
For AT&T Corporate Communications
McCall Butler, 917-209-5792
Source: AT&T Inc.Copyright Business Wire 2012