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AT&T sells Mexico unit to Televisa and Fintech for $2 billion

The sale ends AT&T's decade-plus presence in Mexico's mobile market as it refocuses on U.S. fiber and 5G.

newest coverage 10h agosummary written 1h ago10 pieces NewswiresMastodon

What to know

  • AT&T is exiting Mexico after more than a decade to concentrate on U.S. fiber and 5G networks, selling its 24.7 million-subscriber operation for $2 billion.
  • Televisa and Fintech Holdings' acquisition nearly triples Televisa's market share in Mexico from 8 to 19 percent, positioning it as a stronger competitor to America Movil's dominant Telcel.
  • The $2 billion price is described as a 'bargain' by analysts, giving the new owners significant capital to invest in network infrastructure; Scotiabank notes this could include satellite partnerships like Starlink.
  • The deal closes in Q1 2027 pending Mexican regulatory approval and marks one of Mexico's largest recent M&A transactions.

“AT&T is leaving the Mexican mobile market after a little more than a decade as it focuses on its U.S. business.”

WSJ, Reporting outlet · Wall Street Journal ↗

Grupo Televisa Acquiring broadcaster and telecom operatorFintech Holdings Co-acquirer and investment firmAT&T Seller of Mexico operationsDavid Martinez Mexican billionaire owner of Fintech Holdings

AT&T sells Mexico unit to Televisa and Fintech for $2 billion
Investing.com News

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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yesterday8 AM4 PMnow · 3:44 AM ET
  1. 2

    Televisa shares surge on deal announcement

    Televisa stock jumped 5 percent in after-hours trading on the New York Stock Exchange following news of the acquisition. Scotiabank described the $2 billion price as a 'bargain,' noting the deal will lift Televisa's total fixed and wireless subscriber share in Mexico to 19 percent from 8 percent.

    “We think the low price tag and Fintech involvement is, in itself, bad news for (America Movil), as it means the new owners can focus more resources in capex.”
    — Scotiabank
    1. 4 outlets AT&T to sell Mexico operations for $2 billion

      first by Investing.com News, 11h ago · also Seeking Alpha, Channel News Asia, WSJ US Business

      5 more headlines
  2. 1

    AT&T agrees to sell Mexico operations to Televisa and Fintech Holdings

    Grupo Televisa and Fintech Holdings have agreed to purchase AT&T Mexico for $2 billion in cash, subject to adjustments and additional contingent benefits. The deal is expected to close in Q1 2027 pending Mexican regulatory approvals.

    “This move positions AT&T Mexico to participate in that evolution and is consistent with our long-term strategy to focus our capital allocation on opportunities for growth in the vibrant U.S. market.”
    — John Stankey, AT&T Chairman and CEO

    1. 1 outlet first by Bloomberg Tech, 11h ago · read ↗

    • Televisa, Fintech to Buy AT&T Mexico for $2 Billion https://www. bloomberg.com/news/articles/20 26-10-13/televisa-fintech-holdings-to-buy-at-t-mexico-for-2-billion?utm_source=flipboard&utm_medium=activitypub Posted into Bloomberg Television @ bloomberg-television-bloomberg

      bloomberg@flipboard.comMastodon11h agoview on Mastodon ↗