AT&T sells Mexico unit to Televisa, Fintech for $2 billion

Oct 13 (Reuters) - US ‌carrier AT&T ​on ​Tuesday said it has agreed to sell its Mexican unit to Grupo Televisa and ‌Fintech Holdings for $2 billion in cash, as it ⁠sharpens its focus on domestic fiber and 5G networks.

The deal ‌is expected to close ‌in the first quarter of 2027, pending regulatory approvals in Mexico, AT&T said in a statement. Its ​Mexican unit, the country's second-largest mobile operator, had approximately 24.7 million subscribers as of December 2025, ⁠according to Televisa.

• The deal's purchase price of $2 billion in cash ​is subject to adjustments, plus additional contractual and contingent benefits, and will be funded through ​available cash and non-recourse secured ‌debt financing.

• Televisa and Fintech each own a 50% stake of the consortium ⁠that is purchasing AT&T.

• AT&T Mexico reported revenues of 85.4 billion pesos and operating income of 1.4 billion pesos ⁠for 2025, Televisa said in its statement.

• AT&T will classify ​AT&T Mexico as held-for-sale in continuing operations in its third-quarter 2026 SEC filing.

• "We have articulated a strong belief that the ‌AI future will run on converged networks with dense fiber assets," AT&T Chairman and ‌CEO John Stankey said in a statement. "This move ⁠positions AT&T Mexico to ‌participate in that ​evolution."

(Reporting by Juveria Tabassum in Bengaluru and Raul Cortes in Mexico City; Editing by Shilpi ‌Majumdar)

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