AT&T strikes $2B sale to exit Mexico

AT&T agreed to sell its Mexican business to Grupo Televisa and Fintech Holdings for $2 billion, ending a decade-long effort in a market dominated by Carlos Slim's America Movil. The deal is expected to close in Q1 2027 pending regulatory approvals.

• Deal valued at $2 billion, buyers to split equal stakes
• AT&T Mexico has 24.7 million wireless subscribers and about 16% market share
• Telcel (America Movil) holds roughly 58% of the market
• Completion expected in Q1 2027 after regulatory approval