Televisa, Fintech to buy AT&T's Mexican unit for $2 billion
TV•Grupo Televisa and Fintech Holdings agreed to buy AT&T’s Mexican unit for $2 billion in cash, with each taking a 50% stake. The deal is expected to close in the first quarter of 2027, pending Mexican regulatory approvals.
1. Deal and ownership
Grupo Televisa and Fintech Holdings agreed to buy AT&T’s Mexican unit for $2 billion in cash. The companies will each own 50% of the business, which had 24.7 million subscribers as of December, Televisa said.
2. Scale and competition
The purchase would lift Televisa’s share of Mexico’s fixed and wireless subscribers to 19% from 8%, according to a Scotiabank note. Scotiabank described the price as a “bargain” and said the new owners could devote more resources to capital spending. The unit is Mexico’s second-largest mobile operator after America Movil’s Telcel.
3. Financial details
The deal is expected to close in the first quarter of 2027, subject to regulatory approvals in Mexico. Televisa said the price is subject to adjustments and additional contractual and contingent benefits, and the purchase will be funded with available cash and non-recourse secured debt. The unit reported 2025 revenue of 85.4 billion pesos and operating income of 1.4 billion pesos.
