AT&T Sells Mexican Operations to Televisa-Fintech Consortium for $2 Billion
What happened
On October 13, 2026, AT&T announced the sale of its Mexican mobile operations to a consortium of Grupo Televisa and Fintech Holdings for $2 billion.
The Context
- Market Shift: AT&T Mexico, with 24.7 million subscribers, is Mexico's second-largest mobile operator, and this sale allows AT&T to refocus on U.S. infrastructure.
- Competitive Landscape: Televisa aims to challenge market leader Telcel by expanding into mobile services, following the exit of Telefónica Movistar from Mexico.
- Financial Strategy: The deal is financed through cash and secured debt, with AT&T set to classify the unit as held-for-sale in its Q3 2026 filings.
The Number
— the number of subscribers AT&T Mexico had as of December 2025, highlighting the scale of the operation being sold and its potential impact on market competition.
Takeaway
As the deal awaits regulatory approval, expect intensified competition in Mexico's mobile sector, which could lead to better service options for consumers.
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