AT&T’s DirecTV to become standalone video business

AT&T Inc’s satellite television provider, DirecTV, will become a standalone video business as part of a deal between the wireless service provider and buyout firm TPG Capital.

The video service unit said on Monday it will launch DirecTv Stream, a platform that will allow its users to get access to streaming services such as Netflix, Amazon.com Inc’s Prime Video and HBO Max.

The move will boost the TV operator’s position, which like its peers, had been losing subscribers to video streaming services such as Netflix, Prime Video and Apple Inc’s service that offer award-wining and exclusive shows.