AT&T Sells Mexican Unit to Televisa and Fintech Holdings for $2 Billion

3-line summary

• AT&T agreed to sell its Mexico operations for $2 billion in cash plus additional contractual and contingent benefits, according to Investing.com. The deal is expected to close in Q1 2027 pending regulatory approval; AT&T will classify the unit as held-for-sale starting with its Q3 2026 earnings report.
• Buyers are Grupo Televisa, Mexico's media conglomerate, and Fintech Holdings, an investment firm led by David Martinez, operating the business as a 50-50 joint venture. It is Televisa's second major deal with AT&T after previously acquiring AT&T's stake in satellite-TV operator Sky Mexico; Televisa's US ADRs rose 3.2% in after-hours trading.
• AT&T entered Mexico in 2014 by acquiring Iusacell and Nextel Mexico for a combined $4.4 billion and invested over $10 billion in infrastructure, but struggled against América Móvil and spectrum/regulatory friction. AT&T said the sale lets it focus capital on US fiber, 5G, and AI infrastructure; its own shares showed little after-hours movement.

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