AT&T Inc Says Agreement To Create A Standalone Managed Cybersecurity Services Business, And A Capital Investment In That Business From WillJam Ventures; Additional Terms Of Transaction Were Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
AT&T Inc has announced an agreement to establish a standalone managed cybersecurity services business. WillJam Ventures will be making a capital investment in this new entity. The additional terms of the transaction have not been disclosed.
November 17, 2023 | 2:45 pm
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AT&T Inc is forming a new standalone managed cybersecurity services business with financial backing from WillJam Ventures. The lack of disclosed terms makes the deal's specifics unclear.
The formation of a new standalone business in the growing field of cybersecurity, backed by an investment from WillJam Ventures, is likely to be viewed positively by investors. It indicates AT&T's commitment to expanding its services and potentially opening up new revenue streams. However, the lack of disclosed terms adds some uncertainty to the potential impact, which is why the confidence score is not higher.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100