--- title: AT&T Is Selling AT&T Mexico for $2 Billion as Televisa Buys Into Mexico's No. 2 Mobile Network description: AT&T agreed to sell AT&T Mexico to a Televisa-Fintech consortium for $2 billion in cash. What each side gets and when the sale closes. author: Darie Nani (Editor-in-Chief) date: 2026-10-15T13:35:34.689Z updated: 2026-10-15T13:35:34.699Z canonical: https://www.sovereignmagazine.com/article/why-is-att-selling-att-mexico image: https://cdn.nanimediahouse.com/pexels-two-workers-repairing-a-cellular-tower-against-a-cloudy-sky--19728112.jpg categories: Markets content_type: News region: Mexico publication: Sovereign Magazine schema_type: Article --- AT&T has agreed to sell AT&T Mexico, the country's second-largest mobile operator, for $2 billion in cash to a consortium owned 50% by Grupo Televisa and 50% by Fintech Holdings. AT&T expects the sale to close in the first quarter of 2027, subject to regulatory approvals in Mexico, and said the sale lets it focus its capital on fiber and 5G networks in the United States. The $2 billion is due at closing and is subject to adjustments. AT&T said it will also receive "additional contractual and contingent benefits," which it did not describe. Televisa said in [its announcement of the deal](https://www.televisair.com/~/media/Files/T/Televisa-IR/press-release-gtv-october-13-2026-eng.pdf) that the consortium plans to pay with cash on hand and non-recourse secured debt, and that it will account for its half of AT&T Mexico as an investment in a joint venture. Until the sale closes, AT&T will report AT&T Mexico as held for sale within continuing operations, starting with its third-quarter 2026 Form 10-Q. "We have articulated a strong belief that the AI future will run on converged networks with dense fiber assets," said John Stankey, AT&T's chairman and CEO. "This move positions AT&T Mexico to participate in that evolution and is consistent with our long-term strategy to focus our capital allocation on opportunities for growth in the vibrant U.S. market." AT&T said a local operator with complementary assets of its own is better placed to run the Mexican business from here, and that it expects no change to the service its US consumer and business customers get today. ## AT&T Mexico Made Up 3% of AT&T's Revenue and Under 1% of Its Operating Income in 2025 AT&T Mexico had operating revenues of $4.38 billion in 2025, according to AT&T's 2025 annual report filed with the SEC. Operating income was $145 million, a 3.3% operating margin, after $40 million in 2024 and an operating loss of $141 million in 2023. Earnings before interest, taxes, depreciation and amortization rose to $816 million, an 18.6% margin. AT&T wrote off all the goodwill on its Mexico reporting unit in 2022. At the end of 2025 AT&T Mexico had 24.7 million wireless subscribers, most of them prepaid: 17.7 million prepaid, 6.75 million postpaid and the rest through resellers. It added a net 1.1 million subscribers during the year, 914,000 of them postpaid. ## AT&T Paid About $4.4 Billion, Including Debt, for Iusacell and Nextel Mexico in 2015 In January 2015, AT&T bought GSF Telecom Holdings, which sold service under the Iusacell and Unefon brands, for $2.5 billion including about $700 million of net debt. In April that year it completed its purchase of Nextel Mexico from NII Holdings for $1.875 billion, including about $427 million of net debt and other adjustments, according to its 2015 annual report. The 2015 prices included net debt, while the $2 billion is cash at closing subject to adjustments, and AT&T says it has since consolidated and modernized the network. ## Televisa Sells Mobile Service Today on Another Operator's Network Televisa had 5.7 million broadband subscribers at the end of June and a network passing more than 20.1 million homes, it [reported for the second quarter](https://www.televisair.com/~/media/Files/T/Televisa-IR/260723-gtv-pr-en-2q26.pdf), and it has upgraded more than 1.5 million homes to fiber-to-the-home, which it said is in line with its full-year goal. Its mobile business has 820,000 lines, up from about 464,000 a year earlier, sold as a mobile virtual network operator that resells capacity on another operator's network. Its Sky satellite TV revenue fell 20.3% in the second quarter after a 28.2% drop in revenue-generating units, while broadband and mobile both added customers. AT&T cited Televisa's fixed-line broadband business and Fintech Holdings' capital, local knowledge and experience in Mexican wireless as what each buyer brings. Through the consortium, Televisa would own half of a national mobile network. ## Telcel Has More Than Three Times as Many Wireless Subscribers as AT&T Mexico Telcel, America Movil's Mexican wireless operator, had 84.5 million subscribers at the end of June 2026, up 0.5% from a year earlier, against AT&T Mexico's 24.7 million at the end of 2025. Telcel added 247,000 subscribers in the second quarter and remained a net gainer when customers switched carriers and kept their numbers, [America Movil reported](https://s22.q4cdn.com/604986553/files/doc_financials/2026/q2/2Q26.pdf). America Movil also owns Telmex, which has nearly 23 million fixed-line revenue-generating units, so in Mexico it runs both a fixed-line operator and the largest wireless one. ## FAQ **Q: Where can I read the full terms of the AT&T Mexico sale?** Televisa has published a Spanish-language information statement on the deal, a Folleto Informativo, on the websites of the Mexican stock exchange and the securities regulator, the CNBV. **Q: Does my AT&T account include Mexico?** AT&T says it expects no change for US consumer and business customers after the sale. In its 2025 annual report, AT&T said its networks in the United States and Mexico let customers use wireless service without roaming on other companies' networks. AT&T has not detailed what arrangements will apply after the sale closes.