AT&T Mexico sold to Televisa and Fintech Holdings for $2 billion Posted by Harry Baldock | Oct 14, 2026 | M&A, COMPANY NEWS, Networks, North America, News News AT&T’s says its retreat from Mexico will allow it to better focus on its US operations AT&T has reached an agreement to sell AT&T Mexico to Grupo Televisa and Fintech Holdings for $2 billion in cash at closing, subject to certain adjustments, plus additional contractual and contingent benefits. Grupo Televisa and Fintech Holdings will each holding 50% stake in AT&T Mexico following the deal. In a press release, AT&T explained that the deal was part of its wider strategy to prioritise its fibre and wireless operations in the US.
The operator had been in talks to sell the business to Televisa since at least December 2025. “We have articulated a strong belief that the AI future will run on converged networks with dense fiber assets,” said John Stankey, AT&T Chairman and CEO. “This move positions AT&T Mexico to participate in that evolution and is consistent with our long-term strategy to focus our capital allocation on opportunities for growth in the vibrant U.S. market.” For Grupo Televisa, the move will combine AT&T’s wireless network with its own wireless, fixed broadband, and broadcasting assets, allowing to offer combined fixed and mobile packages to customers. Televisa’s total share of fixed and wireless subscribers in Mexico is expected to rise to 19% from 8% as a result of the deal. For Fintech Holdings, the investment vehicle owned by Mexican billionaire David Martinez, the deal represents a deepening of its relationship with Televisa, in which it owns a 22.3% stake.
AT&T entered the Mexican market in 2015 with the purchase of mobile operators Iusacell and Nextel Mexico for $2.5 billion and $1.875 billion, respectively. The companies were quickly combined as AT&T Mexico, with AT&T aiming to take on the dominance of the incumbent mobile operator, América Móvil’s Telcel. Despite over a decade of competition and building the country’s second largest mobile network, AT&T Mexico ultimately failed to significantly displace Telcel.
In March 2026, Telcel had around 84.5 million mobile subscribers, more than three times AT&T Mexico’s 24 million. Given its existing broadband and broadcasting footprint, Televisa will hope to offer a greater challenge. The deal is subject to typical regulatory approvals and is expected to close in the first quarter of 2027.
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