AT&T ($T) announced October 13 that it agreed to sell its Mexican wireless business to Grupo Televisa ($TV) and Fintech Holdings for $2 billion in cash, subject to adjustments and additional contingent benefits. The transaction will allow AT&T to focus capital investment on its U.S. fiber and wireless networks.

• Grupo Televisa and Fintech Holdings will each hold a 50% stake in the acquiring consortium.
• AT&T Mexico had approximately 24.7 million wireless subscribers as of December 2025, making it Mexico's second-largest mobile operator.
• The business reported 2025 revenue of 85.4 billion Mexican pesos and operating income of 1.4 billion pesos.
• The acquisition will be funded through available cash and non-recourse secured debt financing.
• The transaction is expected to close in the first quarter of 2027, pending regulatory approvals in Mexico.
• AT&T will classify its Mexican operations as held-for-sale in its third-quarter 2026 SEC filing.

Relevant Companies

• AT&T ($T) - Will receive $2 billion in cash and exit its Mexican wireless operations.
• Grupo Televisa ($TV) - Will acquire a 50% interest in AT&T Mexico through the purchasing consortium.

Editor’s Note: This is a developing story. This article may be updated as more details become available.