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AT&T Mulling Sale of Digital Life: Report

Divestiture of home security business is one option being considered, Reuters said (Updated) 8/21/2017 8:36 AM Eastern Last updated at 8/21/2017 9:28 AM

AT&T is exploring options, including a sale, of Digital Life, the company’s home security and home automation service, Reuters reported, citing people familiar with the situation. 

Reuters said AT&T might look to sell the division as it looks to pay down debt after its proposed acquisition of Time Warner Inc.

RELATED: Home Smart Home (subscription required)

Digital Life has between 400,000 and 500,000 subs and AT&T might get $1 billion for it, Reuters said, noting that AT&T might also seek additional divestitures to trim down its debt load.

UPDATE: AT&T said it does not comment on rumor or speculation. 

If AT&T decides to sell Digital Life, it would add to a recent mix of M&A in the home security/smart home sector. 

DirecTV, which merged with AT&T in, recently sold LifeShield, a DIY home security service/platform, to Hawk Capital Partners. DirecTV acquired LifeShield in 2013.

RELATED: DirecTV Sells Off LifeShield

Comcast and Alarm.com acquired different parts of Icontrol in March. EchoStar, meanwhile, had entered the DIY home security market with a product called Sage By Hughes, but exited the business last fall.

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