AT&T to sell Mexican mobile unit to Televisa and Fintech Holdings for $2 billion

AT&T has agreed to sell its Mexican mobile unit to Grupo Televisa and Fintech Holdings for $2 billion, Data Center Dynamics reported. The carrier says the sale will let it concentrate on its 5G and fiber network in the US.

Televisa and Fintech Holdings will each take a 50 percent stake in the purchasing consortium, according to the report. Fintech Holdings already owns 22.3 percent of Televisa.

For Televisa, the deal would lift its share of total fixed and wireless subscribers in Mexico to 19 percent from 8 percent. That gain lands against AT&T's own standing in the country: around 18 percent of the Mexican mobile market, well behind Telcel's roughly 64 percent, on more than 24.7 million wireless subscribers.

AT&T entered Mexico in 2014 by acquiring Grupo Iusacell for $2.5 billion, then bought the Mexican business of NII Holdings a year later for $1.9 billion. Those two purchases total $4.4 billion, more than twice the price now agreed for the exit.

Televisa is not a newcomer to the asset. It took a 50 percent stake in mobile operator Iusacell in 2012, before Iusacell's co-owner Grupo Salinas bought it out and then sold the entire unit to AT&T, Data Center Dynamics noted.

A sale has been on the table for some time, with reports last December indicating Televisa was nearing a deal for the unit, according to the outlet. AT&T expects the sale to close in the first quarter of 2027, subject to customary conditions and any regulatory approvals required in Mexico.

Chairman and CEO John Stankey framed the disposal as a capital-allocation decision. The company holds a "strong belief that the AI future will run on converged networks with dense fiber assets," he said, adding that the move "positions AT&T Mexico to participate in that evolution" and fits a long-term strategy of putting capital behind growth in the US market.