On August 4, 2021 at 18:21, Trunk-Slammer -Supreme said...
This is not a real "Spin off' if you read the details.
AT&T will still have way too much control.
Att may have the majority of equity, but not sure about control. Just a way for ATT to get some cash out of the deal now with hopes that an eventual full sale or IPO will make them whole. VC firms don't throw this king of money at operations they don't control.