Mergers & Acquisitions ·
Grupo Televisa agrees to acquire AT&T Mexico wireless business for $2 billion
GRPFFGrupo Televisa, S.A.B.
A consortium owned 50% by Grupo Televisa and Fintech Holdings Inc. has reached an agreement with AT&T, Inc. to acquire its wireless telecommunications business in Mexico for a purchase price of US$2 billion, subject to customary closing conditions including regulatory approvals. The transaction is expected to close in the first quarter of 2027. AT&T Mexico is the second-largest mobile operator in the country, holding approximately 24.7 million wireless subscribers as of December 31, 2025, and reported consolidated revenue of 85.4 billion pesos for the same period. Grupo Televisa anticipates accounting for this acquisition as an investment in a joint venture using the equity method. The company operates one of Mexico's most significant cable network groups and leading direct-to-home satellite pay television systems.