Televisa, Fintech to Acquire AT&T Mexico for $2 Billion
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Summary: Grupo Televisa and Fintech Holdings have agreed to acquire 100% of AT&T Mexico for US$2 billion, a transaction that could create Mexico's second-largest telecommunications operator by combining mobile, fixed-line and media operations. Pending regulatory and antitrust approval, the deal would expand the buyers' mobile customer base to more than 25 million users and add 5.8 million fixed-service subscribers, while providing access to established network infrastructure and 3.5 GHz spectrum that could support future 5G services. Grupo Televisa and Fintech Holdings have agreed to acquire 100% of AT&T Mexico for US$2 billion, a transaction that would reshape Mexico's telecommunications market by combining the second-largest mobile operator with Televisa's existing fixed-line and media businesses. The acquisition, announced by Televisa, will be financed through equal contributions from the two buyers. Once approved by Mexico's Telecommunications Regulatory Commission and the National Antitrust Commission, the transaction would expand Televisa's mobile customer base to more than 25 million users and add 5.8 million fixed-service subscribers, positioning the group as the country's second-largest telecommunications operator. The deal also marks the end of AT&T's direct presence in Mexico's mobile market. The US telecommunications company entered the country in 2013 through...
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