Closing expected in first quarter of 2027
AT&T said Tuesday it has agreed to sell its Mexican wireless business to a consortium of Grupo Televisa and Fintech Holdings for $2 billion in cash at closing, subject to adjustments, plus additional contractual and contingent benefits. The transaction, announced Oct. 13, ends the carrier’s decade-long presence in the Mexican mobile market.
The deal allows the carrier to focus its capital allocation on its U.S. telecommunications operations, where it is continuing to invest in 5G and fiber networks. AT&T entered the Mexican mobile market in 2015 through the purchase of Iusacell and Nextel Mexico.
Under the agreement, Grupo Televisa will hold 50% of the consortium acquiring AT&T Mexico, and Fintech Holdings will own the remaining 50%.
Grupo Televisa operates cable and satellite television services, broadband internet and a small mobile service operation in Mexico. The acquisition will be financed through a combination of cash on hand and debt, Televisa said.
Televisa provided market position and financial figures on the business being sold. AT&T Mexico ranked as Mexico’s second-largest mobile operator, with roughly 24.7 million wireless subscribers at the end of 2025. Market leader America Movil had 84.5 million mobile subscribers in Mexico at the end of June 2026, according to Televisa.
AT&T Mexico reported consolidated revenue of 85.4 billion Mexican pesos, roughly $4.6 billion, and operating income of 1.4 billion pesos as of Dec. 31, 2025, Televisa said.
The transaction is expected to close in the first quarter of 2027. Until closing, AT&T plans to report AT&T Mexico as held-for-sale within continuing operations in its financial statements.
The carrier said Grupo Televisa and Fintech Holdings are well positioned to lead AT&T Mexico through its next phase of growth.