Televisa and Fintech agree to buy AT&T's Mexican wireless business
Grupo Televisa and Fintech Holdings agreed on Oct. 13 to acquire AT&T's Mexican wireless business for $2 billion in cash. The partners will hold equal interests in the acquisition vehicle, which would add 24.7 million subscribers and an operation that generated $4.65 billion in 2025 revenue. The transaction is targeted for completion in Q1 2027, provided Mexican regulators approve it.
Why it matters
The acquisition would raise Televisa's share of Mexico's fixed and wireless subscribers to 19% from 8%, according to Scotiabank, strengthening its challenge to America Movil. Santander analysts cautioned that integrating the business and improving its performance could constrain the deal's benefits.
Key facts
- 1The agreed cash consideration for AT&T's Mexican unit is $2 billion. kfgo.com
- 2Fintech Holdings will own 50% of the purchasing consortium. kfgo.com
- 3AT&T's Mexican operation had 24.7 million subscribers as of December. kfgo.com
- 4The unit reported $4.65 billion in revenue during 2025. kfgo.com
- 5The transaction is slated to close in the first quarter of 2027 and requires regulatory approvals in Mexico. macaubusiness.com
- 6Scotiabank estimates Televisa's share of Mexico's fixed and wireless subscribers would rise to 19% from 8%. marketscreener.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.