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AT&T is selling AT&T Mexico to Grupo Televisa and Fintech Holdings for $2 billion in cash at closing, subject to certain adjustments and additional contractual and contingent benefits. The telecommunications company announced the agreement on October 13, 2026, saying the transaction will allow it to focus more closely on its U.S. fiber and 5G networks.

The deal is expected to close during the first quarter of 2027, pending customary closing conditions and any necessary regulatory approvals in Mexico. Until the transaction is completed, AT&T expects to report its Mexican business as held for sale in continuing operations in its third-quarter 2026 filing with the Securities and Exchange Commission.

AT&T Sharpens Its U.S. Fiber and 5G Strategy

AT&T said the sale supports its investment-led strategy in the United States, where demand for fast internet, reliable wireless service and advanced connectivity continues to grow. The company is positioning fiber and 5G infrastructure as essential foundations for an increasingly artificial intelligence-enabled economy.

“We have articulated a strong belief that the AI future will run on converged networks with dense fiber assets,” AT&T Chairman and CEO John Stankey said. “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.”

The company said U.S. consumer and enterprise customers should not experience changes as a result of the announced transaction. AT&T’s stated priority is to direct capital toward expanding and modernizing its domestic broadband and wireless operations.

A Strategic Shift After Years in Mexico

AT&T entered Mexico with the goal of building a major wireless presence and said its operating expertise helped the business become one of the country’s leading providers. The company also worked to consolidate and modernize Mexico’s second scaled wireless network.

AT&T now believes the next phase of growth will be better supported by a local operator with strong market knowledge and complementary assets. Grupo Televisa and Fintech Holdings are expected to bring different but potentially valuable strengths to the business.

Grupo Televisa has an established operating presence in Mexico through its fixed-line broadband business.
Fintech Holdings brings capital, local knowledge and operational expertise in Mexico’s wireless sector.
The transaction is valued at $2 billion in cash at closing, with additional benefits subject to contractual terms.
Completion is anticipated in the first quarter of 2027, subject to regulatory clearance and other conditions.

What the AT&T Mexico Sale Means for Customers

For customers in the United States, the immediate impact is expected to be limited. AT&T has stated that its U.S. consumer and business services will continue as usual while the sale moves through the closing process.

For customers and employees in Mexico, the transaction could mark a new phase for the wireless business. A combination of Televisa’s broadband footprint and Fintech’s wireless experience may create opportunities to improve service offerings, network investment and customer value. However, the long-term effects will depend on regulatory decisions and how the new owners operate the company after closing.

For investors, the announcement reflects AT&T’s broader effort to simplify its portfolio and concentrate resources on its domestic connectivity strategy. The company’s focus on fiber, multi-gig internet and 5G comes as communications providers compete to support cloud computing, streaming, connected devices and AI-related services.

Regulatory Review Remains a Key Milestone

The sale is not yet complete. Mexican regulatory approvals and other customary closing conditions must be satisfied before ownership officially changes. AT&T will continue operating the business until that point and is expected to provide further updates through regulatory filings and corporate announcements.

The announcement also includes forward-looking statements, meaning the final timing, financial results and other outcomes could differ from current expectations. AT&T noted that investors should review its filings for additional information about risks and uncertainties related to the transaction.

Frequently Asked Questions About AT&T’s Mexico Sale

Why is AT&T selling AT&T Mexico?

AT&T said the sale will sharpen its focus and capital allocation on building fiber and 5G networks in the United States, supporting its long-term domestic growth strategy.

Who is buying AT&T Mexico?

Grupo Televisa and Fintech Holdings are acquiring AT&T Mexico. Televisa contributes Mexican broadband operations, while Fintech brings local wireless expertise and capital.

How much is the transaction worth?

The agreement calls for $2 billion in cash at closing, subject to certain adjustments, along with additional contractual and contingent benefits.

When is the sale expected to close?

AT&T expects the transaction to close in the first quarter of 2027, provided regulatory approvals and other customary conditions are completed.

Will U.S. AT&T customers be affected?

AT&T expects no changes to the experience of its U.S. consumer and enterprise customers as a result of the sale.