AT&T Inc. on Wednesday said it has divested its 8.1 percent stake in Tech Mahindra Ltd., an Indian telecom outsourcing firm.
AT&T exercised an option to sell 9.9 million shares of Tech Mahindra in March, as outlined in a 2005 agreement. The terms were not disclosed.
But the phone giant said it expects to retain Tech Mahindra as a vendor.
Shares of AT&T, based in Dallas, fell 4 cents to $25.91.
Source:http://www.businessweek.com/ap/financialnews/D9FC8AK80.htm
