AT&T Spins Off Cybersecurity Unit: Introducing LevelBlue for Global Managed Services
May 6, 2024
AT&T has created a joint venture, LevelBlue, to specialize in managed cybersecurity services.
LevelBlue starts with a robust infrastructure, including over 1,300 employees and seven international operations centers.
The company inherits AT&T's cybersecurity capabilities, such as managed security, consulting services, and a threat intelligence platform.
This strategic move allows AT&T to reduce its debt while granting LevelBlue greater agility in its service offerings and market expansion.
LevelBlue faces the challenge of evolving from traditional MSSP services to meet the increasing demand for MDR services.
The cybersecurity industry is undergoing a transformation with major players divesting security segments to sharpen their focus on core businesses and financial stability.
Summary based on 2 sources
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Sources

Dark Reading • May 6, 2024
AT&T Splits Cybersecurity Services Business, Launches LevelBlue
Security Boulevard • May 6, 2024
AT&T Spins Out Its Cybersecurity Business to Create LevelBlue