As AT&T (T) - Get Report braces for debt payments following its planned $85.4 billion purchase of Time Warner Inc. (TWX) , the telecom giant is exploring options for its Digital Life home security business, including a sale of the unit, Reuters reports.
A sale would mark a withdrawal by AT&T from the home security market that it attempted to infiltrate in 2013 with the launch of Digital Life, a service offering customers sensors and cameras to monitor their homes.
But the business proved insignificant in regards to the telecom's revenue. Still, the service boasts between 400,000 and 500,000 customers and its sale could command $1 billion.
While the divestiture would only prove fractional in reducing its debt, its sale could act as a prelude to additional deals, the report said.
Shares of AT&T were inching lower in afternoon trading on Friday.
More of What's Trending on TheStreet:
- The Stock Market's Sell-Off Spreads Across the Globe -- The Latest
- Amazon Is Absolutely 'Doing Great Damage.' Duh, Mr. President, That's Business
- You Can't Price in Pure Mass Chaos: Market Recon
- Apple Should Be Terrified By How Much Samsung Is Spending on Its Future