Telefonica eyes AT&T's $10b Latin American TV assets

Spanish telecommunications company Telefonica SA has expressed interest in buying AT&T Inc's pay TV assets in Latin America, which could be valued at around $10 billion, according to people familiar with the matter.

AT&T bought the Latin American assets as part of its acquisition of DirecTV last year. The business includes satellite and cable television services in Brazil, Colombia, Venezuela, Argentina and several other countries.

The US telecoms company has yet to decide if it will explore a deal with Telefonica or another company, the people familiar with the matter said.

Other parties are interested in AT&T's assets in specific countries, and the company may choose to run several sale processes, one of the people said. One potential buyer could be Liberty Global Plc, that person added.