AT&T (T) To Create A Standalone Cybersecurity Business

AT&T (T) has an agreement with WillJam Ventures to create a standalone cybersecurity business. AT&T realigns its security portfolio to become a more simple and focused company and managed security is a lot of consulting which isn’t AT&T’s sweet spot, notes Roger Entner. He talks about how AT&T continues to provide managed security to existing clients. He highlights that AT&T will retain ownership stake and board seats in the new entity and will continue to offer managed security services. He then goes over headwinds for telecom stocks. Tune in to find out more about the stock market today.