Mergers & Acquisitions ·
Televisa and Fintech Mercury to acquire AT&T Mexico for $2B in cash
GRPFFGrupo Televisa, S.A.B.
Grupo Televisa and Fintech Mercury have agreed to form a joint venture to purchase 100% of AT&T México, Mexico’s second-largest mobile operator, for $2 billion. The transaction is structured through an investment trust, with each partner holding a 50% economic interest. Financing will consist of up to $1.4 billion in secured debt from BBVA México and remaining equity contributions. The acquisition requires regulatory approval from the National Antitrust Commission (CNA) and other competent authorities before closing. Grupo Televisa operates cable television, broadband internet, fixed-line telephony, and direct-to-home satellite services in Mexico.