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AT&T Agrees to Sell Mexico Unit for $2B

By Drooid · Oct 14, 2026, 2:07 AM UTC · How we work

Summary

AT&T Sells Mexico

AT&T Inc. agreed to sell its Mexican unit to a consortium of Grupo Televisa and Fintech Holdings for $2 billion cash.
The deal includes adjustments and additional contractual and contingent benefits.
Closing is expected in the first quarter of 2027, subject to Mexican regulatory approval.
AT&T Mexico had 24.7 million subscribers and $4.65 billion revenue in 2025.
Grupo Televisa shares rose 5.3 % after the announcement.

Summary

AT&T Trims Debt

AT&T says the sale lets it concentrate on expanding its fiber and 5G networks across the United States.
The company will classify AT&T Mexico as a held-for-sale asset in its Q3 2026 earnings report.
Analysts note the divestiture could significantly reduce debt and free capital for AT&T’s future core U.S. operations.

History

Historical Context

After the 1972 nationalization of the former ITT branch, Mexico began privatizing telecoms in the 1990s; a 1990 investor group led by Carlos Slim bought Telmex, and by 1991 the state sold its remaining stake, prompting fiber expansion to 30% of the country. The mid-1990s entry of AT&T created competition, a pattern echoed in AT&T’s 2026 sale of its Mexican unit to Grupo Televisa and Fintech Holdings.

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AT&T Sells Mexico

AT&T Inc. agreed to sell its Mexican unit to a consortium of Grupo Televisa and Fintech Holdings for $2 billion cash.
The deal includes adjustments and additional contractual and contingent benefits.
Closing is expected in the first quarter of 2027, subject to Mexican regulatory approval.
AT&T Mexico had 24.7 million subscribers and $4.65 billion revenue in 2025.
Grupo Televisa shares rose 5.3 % after the announcement.

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