AT&T Inc. (NYSE: T)

AT&T (NYSE: T) is in the midst of a significant reorganization plan that has had its ups and downs over the past several months, with the “ups” including the successful launch of HBOMax.

But a new – and potentially dangerous – threat from the T-Mobile/Sprint merger has investors concerned and this, in turn, has created a buying opportunity.

AT&T has also announced that it is looking to find a buyer for DirecTV, just five years after it purchased the company for $49 billion.

If successful, the move to jettison AT&T could not only simplify the company’s holdings, it could also improve the long-term outlook for the company by focusing operations more on mobile broadband, media and 5G.

AT&T has a long history of delivering value for shareholders, but its recent performance has been mediocre at best. This reorganization and divestiture could prove to be a turning point that begins a new growth phase for investors.