The worlds largest communications company has been bankrolling a right-wing conspiracy network, an investigation by Reuters revealed.

The damning Reuters report , published Wednesday, shows that AT&T helped fund and create One America News a right-wing network famous for its fawning coverage of former President Donald Trump , and for spreading lies about the 2020 presidential election that Trump lost.

Without AT&Ts $250 million offering, OANs value would be zero, according to an accountants court testimony obtained by Reuters. More from the publication:

OAN founder and chief executive Robert Herring Sr has testified that the inspiration to launch OAN in 2013 came from AT&T executives.

They told us they wanted a conservative network, Herring said during a 2019 deposition seen by Reuters. They only had one, which was Fox News , and they had seven others on the other [leftwing] side. When they said that, I jumped to it and built one.

Since then, AT&T has been a crucial source of funds flowing into OAN, providing tens of millions of dollars in revenue, court records show. Ninety percent of OANs revenue came from a contract with AT&T-owned television platforms, including satellite broadcaster DirecTV, according to 2020 sworn testimony by an OAN accountant.

Herring has testified he was offered $250 million for OAN in 2019. Without the DirecTV deal, the accountant said under oath, the networks value would be zero.

Dallas-based AT&T, a mobile-phone and Internet provider, also owns entertainment giant Warner Media, which includes CNN and HBO. AT&T acquired DirecTV in 2015 and in August spun off the satellite service, retaining a 70% share in the new, independently managed company. AT&Ts total U.S. television subscriber base, including satellite and streaming services, fell from 26 million in 2015 to 15.4 million as of August.