OK, there are a lot of different factors in this decision, it’s not about an industry trend. But it is interesting.
AT&T has a security/home automation unit which only sells into a few markets. It’s called AT&T digital life.
AT&T recently acquired Time Warner, which has its own home automation unit, and it was a transaction that involved AT&T taking on a lot of debt.
AT&T is now trying to sell their digital life unit – – but not Time Warner home – – apparently to raise some cash to offset the debt load.
Note that even though AT&T is only in a very limited set of markets for digital life, they have over 400,000 customers.
I bring this up a lot, but whenever somebody talks about issues involving DIY home automation, are usually mention that home automation as a service, typically from companies also selling home security, has literally millions of customers today. Many times more then have bought SmartThings plus Wink plus vera plus iris combined. And all of those people are paying monthly fees. I know that’s not The same group of people who tend to come to this forum, but it is important to remember that that other, much larger group, is out there.
Also note that Xfinity continues to report that their home automation division is one of their highest growth areas, and they now have almost 2 million customers for those services.
So AT&T selling digital life is an important business story, but it doesn’t represent a trend in the “home automation as a service” industry. Just a specific business decision by a specific company based on their recent acquisitions.