AT&T has agreed to sell its Mexican wireless business to Grupo Televisa and Fintech Holdings for $2 billion in cash, ending a decade-long effort to build a major independent challenger in Mexico’s telecommunications market.
The transaction is expected to close during the first quarter of 2027, subject to regulatory approvals and customary closing conditions.
AT&T entered Mexico through acquisitions including Iusacell and Nextel Mexico and developed the operation into one of the country’s largest wireless networks.
The divestiture now allows the U.S. telecommunications company to concentrate more of its capital on its domestic fiber and 5G strategy.
AT&T has increasingly positioned dense fiber infrastructure and wireless connectivity as essential components of an economy requiring greater data capacity, particularly as artificial intelligence and cloud computing increase network demand.
Selling the Mexican operation also reduces the geographic complexity of AT&T’s portfolio.
For Televisa and Fintech Holdings, the acquisition provides control of an established wireless network that can potentially be combined with existing telecommunications assets and local operating expertise.
The transaction remains subject to regulatory review in Mexico.
Until closing, AT&T expects to report the Mexican operation as held for sale within continuing operations.
For investors, attention now shifts toward regulatory clearance, the final transaction economics and how AT&T redeploys the proceeds as it expands its U.S. fiber and wireless infrastructure.
