AT&T Makes $2 Billion Move to Exit Key Market

Grupo Televisa (TV) and Fintech Holdings plan to acquire AT&T's Mexican wireless operations for $2B, pending approvals. The deal, expected to close in Q1 2027, will expand Televisa's telecom services. TV shares rose 7% on the news. The company's P/S ratio is 0.33, below historical and industry averages, reflecting weak growth expectations. Insiders have sold $1M in shares over the past year.

AT&T agreed to sell its Mexican business for $2bn to focus on US operations, simplifying its investment story. BNP Paribas estimates the sale multiple at 2.2 times 2027 EBITDA, with potential upside in the core business. AT&T faces domestic competition, including from SpaceX's Starlink.

AT&T will sell its Mexico wireless business to a consortium of Grupo Televisa and Fintech Holdings for $2B. The business had 24.7M subscribers, $85.4B in revenue, and $1.4B in operating income in 2025. The deal is expected to close in Q1 2027, pending regulatory approvals.

Grupo Televisa (TV) and Fintech Holdings consortium agreed to buy AT&T's (T) Mexico wireless business for $2B, subject to adjustments. The deal is expected to be financed through a mix of debt and equity.

AT&T agreed to sell its Mexican business to a consortium of Televisa and Fintech for $2 billion. The sale includes 24.7 million wireless subscribers and is part of AT&T's strategy to focus on US markets. The deal is expected to close in Q1 2027, pending regulatory approvals.

AT&T plans to start construction on a $1B+ HQ in Plano, Texas, by December 2026, per state filings. The project, developed by KDC, is expected to cost over $1B and be completed by March 2029. AT&T will receive a $20M incentive package and tax rebates from Plano. The company must spend at least $1.35B, build 2M sq ft of space, and employ 10,000 workers.