AT&T to Sell Mexican Wireless Division to Televisa Consortium for $2 Billion
AT&T Inc. (NYSE:T) has agreed to sell its wireless telecommunications operations in Mexico to a consortium formed by Grupo Televisa, S.A.B. (NYSE:TV) and Fintech Holdings for $2 billion, subject to certain adjustments. The acquiring consortium is owned equally by Televisa and Fintech Holdings, with financing coming from a combination of cash on hand and non-recourse secured debt.
The transaction transfers control of Mexico's second-largest mobile operator to the buyer group. AT&T Mexico reported approximately 24.7 million wireless subscribers at the end of 2025, generating 85.4 billion pesos in consolidated revenue and 1.4 billion pesos in operating income for the year. Televisa plans to account for its portion of the deal as a joint venture investment under equity accounting guidelines. Shares of Televisa rose over 7% following the news.
Completion of the sale remains contingent on customary closing conditions, including required regulatory approvals. The transaction is anticipated to close in the first quarter of 2027.
Key points
- Grupo Televisa and Fintech Holdings formed an equal consortium to buy AT&T Mexico for $2 billion.
- The acquisition will be funded using cash on hand and non-recourse secured debt.
- AT&T Mexico served 24.7 million wireless subscribers and generated 85.4 billion pesos in 2025 revenue.
- The deal requires regulatory approval and is expected to close in the first quarter of 2027.
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How we writeDisclaimerQuestions and answers
How much is Grupo Televisa paying for AT&T Mexico?
The consortium formed by Grupo Televisa and Fintech Holdings agreed to acquire AT&T Mexico for $2 billion, subject to adjustments.
When is AT&T selling its Mexican wireless business?
The deal is subject to regulatory approvals and customary conditions, with completion expected in the first quarter of 2027.
How many subscribers does AT&T Mexico have?
AT&T Mexico is the country's second-largest mobile provider, serving approximately 24.7 million wireless subscribers as of late 2025.