AT&T’s $43 billion deal with Discovery will help it reduce debt ahead of costly 5G build-out – MarketWatch

AT&T Inc. is spinning off its WarnerMedia business in a deal with Discovery Communications Inc. as the telecommunications giant refocuses its attention on its wireless business and looks to reduce its debt position ahead of a costly 5G build-out. The two companies formally announced plans to combine AT&Ts T, -0.87% WarnerMedia business with Discovery Inc.s…