Business · Companies · 2 hrs ago
Televisa and Fintech agree to buy AT&T Mexico for $2 billion
Televisa and Fintech Holdings agreed to buy AT&T Mexico for $2 billion.
The deal is still subject to regulatory approvals and other conditions, and the companies expect it to close in the first quarter of 2027.
The mobile business had about 24.7 million subscribers at the end of 2025.
Customers will keep their current lines and plans for now, with no automatic changes from the sale announcement.
Outstanding bills will still need to be paid under the existing terms, and any remaining balance will be managed by the new owner after the sale.
AT&T says it will contact customers directly by their registered email address or phone number if service terms change.
Grupo Televisa and Fintech Holdings agreed to acquire AT&T’s Mexican mobile telecommunications business for $2 billion, subject to adjustments and regulatory approvals.
The buyers plan equal contributions, and Televisa would hold a 50% stake in the consortium.
The transaction is expected to close in the first quarter of 2027.
AT&T Mexico customers will keep their existing lines and plan conditions for now, and outstanding debts remain payable.
The business had approximately 24.7 million mobile subscribers at the end of 2025.
- Who
- Grupo Televisa and Fintech Holdings agreed to buy AT&T Mexico from AT&T.
- What
- They agreed to acquire the Mexican mobile telecommunications business for $2 billion, subject to certain adjustments.
- When
- The agreement was announced on October 13, 2026. The transaction is expected to close in the first quarter of 2027.
- Where
- Mexico.
- Why
- AT&T said the buyers are well positioned to lead AT&T Mexico in its next phase of growth. Televisa and Fintech would strengthen their presence in telecommunications and compete in the market.
This story does not have two clearly opposing sides.
Grupo Televisa and Fintech Holdings announced their agreement to acquire AT&T Mexico.
The companies expect the transaction to close, subject to regulatory approvals and other closing conditions.
- Purchase price
- US$2 billion, subject to certain adjustments
- Buyers’ contributions
- Equal contributions by Televisa and Fintech
- Televisa stake
- 50% of the acquiring consortium
- Expected closing
- First quarter of 2027
- Mobile subscribers
- Approximately 24.7 million at the end of 2025
6 sources
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What people are saying
Since entering Mexico, AT&T’s operating experience has enabled the company to become one of the country’s leading wireless service providers
AT&T believes Grupo Televisa and Fintech Holdings are well positioned to lead AT&T Mexico in its next phase of growth