(Bloomberg) -- AT&T Inc., looking for ways to pay down debt after the $85 billion takeover of Time Warner Inc. last year, is considering the sale of its Puerto Rican operations, according to a person familiar with the situation.

The business could fetch about $3 billion, said the person, who asked not to be identified because the matter is private. The potential sale was reported earlier Thursday by Reuters.

To contact the reporter on this story: Scott Moritz in New York at smoritz6@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net

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