Dallas – October 13, 2026 -- AT&T Inc. (NYSE:T) has agreed to sell AT&T Mexico to Grupo Televisa and Fintech Holdings for $2 billion in cash at closing, subject to certain adjustments, plus additional contractual and contingent benefits.
AT&T redirects capital to U.S. fiber and 5G networks
The divestiture concentrates AT&T's capital allocation on its U.S. fiber and wireless networks. Chairman and CEO John Stankey said the company believes the AI future will run on converged networks with dense fiber assets, and that the sale fits its strategy of focusing capital on growth opportunities in the U.S. market.
AT&T said its effort to consolidate and modernize what it describes as Mexico's second scaled wireless network has prepared the unit for its next growth phase. The company argues that a local operator is best placed to pursue that phase and improve the overall customer value proposition.
Televisa brings fixed broadband, Fintech Holdings brings fresh capital
AT&T cited Grupo Televisa's operating presence in Mexico through its fixed-line broadband business. Fintech Holdings contributes fresh capital, local knowledge and operational expertise in the Mexican wireless sector, according to AT&T.
Deal targets a first-quarter 2027 close pending Mexican approvals
The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions, including any necessary regulatory approvals in Mexico.
Until closing, AT&T expects to report AT&T Mexico as held-for-sale in continuing operations. The treatment will appear in the company's third-quarter 2026 10-Q filing with the SEC.
AT&T expects no changes to the experience of its U.S. consumer and enterprise customers.