AT&T To Sell Off Cybersecurity Business: Report

As AT&T continues its strategy to put all its chips on its core telecom business, the carrier is reportedly considering the sale of its five-year-old cybersecurity business unit. ARTICLE TITLE HERE AT&T is mulling the sale of its five-year-old cybersecurity unit, according to a new report. The carrier giant’s cybersecurity solutions business, which was launched in 2018 , includes assets from AT&’s purchase of open-source threat intelligence firm AlienVault in the same year. The company has been working with Barclays to explore bids for its cybersecurity business, according to a report from Reuters. Dallas-based AT&T did not respond to CRN’s request for comment on the alleged selloff by publication time. The cybersecurity unit was created to make AlienVault’s cybersecurity technologies and AT&T’s existing security capabilities accessible to all businesses, from Fortune 100 companies all the way down the chain to local mom-and-pop stores, the carrier said in 2018. The business unit today offers security consulting services, endpoint security, network security, and threat detection and response services. Advertisement In the past five years, however, AT&T has become increasingly focused on its core telecom business. Elliott Management in 2019 revealed a $3.2 billion stake in AT&T and laid out a series […]

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