AT&T has agreed to sell AT&T Mexico to a consortium of Grupo Televisa and Fintech Holdings for US$2bn in cash, ending the US group's push into the Mexican wireless market.
Why Grupo Televisa and Fintech Holdings is buying AT&T Mexico
AT&T said the sale allows it to concentrate investment on US fibre and 5G networks; chief executive John Stankey said the company believed "the AI future will run on converged networks with dense fiber assets". Televisa brings a large fixed-line broadband business in Mexico, while Fintech contributes capital and wireless operating expertise.
Deal terms and financing
The buyers will pay US$2bn in cash at closing, subject to adjustments, plus additional contractual and contingent benefits. Televisa and Fintech each hold 50% of the acquiring consortium, which will fund the deal from available cash and non-recourse secured debt. AT&T Mexico had about 24.7 million mobile subscribers at end-2025 and 2025 revenue of MXN85.4bn.
Regulatory approvals and timing
Completion is subject to Mexican regulatory approvals, including the competition and telecoms regulators, and is expected in the first quarter of 2027. AT&T will report the unit as held for sale from its third-quarter 10-Q.
Market context
AT&T entered Mexico through the 2014 purchase of Iusacell and the 2015 acquisition of Nextel Mexico. S&P said on 14 October that the deal was neutral for Televisa's credit rating.
