AT&T to sell Mexican wireless business to Televisa and Fintech for $2 billion
AT&T announced an agreement to transfer its Mexico wireless operations to Grupo Televisa and Fintech Holdings for cash of $2 billion. The transaction is slated to be completed in the first quarter of 2027, pending customary regulatory approvals. After the sale, AT&T will classify the Mexico unit as held‑for‑sale and will concentrate capital on expanding its U.S. fiber and 5G networks. Televisa and Fintech expect the acquisition to make them the second‑largest telecom operator in Mexico.
Why it matters
The cash proceeds give AT&T additional liquidity to fund its domestic network build‑out, which the company says is central to its long‑term growth strategy (source). The divestiture removes AT&T’s exposure to the Mexican market, so U.S. customers should see no change in service (source).
Key facts
- 1AT&T agreed to sell its Mexico wireless business for $2 billion in cash, plus contractual and contingent benefits (source). prnewswire.com
- 2The deal is expected to close in the first quarter of 2027, subject to standard closing conditions and regulatory approvals (source). prnewswire.com
- 3AT&T will report the Mexico unit as held‑for‑sale in its third‑quarter 2026 filing (source). prnewswire.com
- 4AT&T Mexico had 24.7 million subscribers and generated MX$85.4 billion in revenue in 2025 (source). marketscreener.com
- 5The transaction will allow AT&T to focus capital on U.S. fiber and 5G network investments (source). prnewswire.com
- 6Televisa’s ADRs rose about 3.2% in after‑hours trading following the announcement (source). investing.com
Summary written by AlphAI AI Desk from 20 of 29 sources. Not investment advice. Figures are as stated by the linked sources.