# Televisa and Fintech acquisition of AT&T Mexico

> Live situation record from CLSTR: https://clstr.news/situations/televisa-and-fintech-acquisition-of-att-mexico
> Updated: 2026-10-20T02:55:00.000Z. Sources: 47. Developments: 3.

Grupo Televisa and Fintech Holdings, a private investment firm owned by David Martínez Guzmán, have agreed to a $2 billion cash acquisition of AT&T Mexico’s wireless business. The deal is structured as a 50-50 joint venture and is expected to close in the first quarter of 2027, pending regulatory approval from the Comisión Federal de Competencia Económica (COFECE) and the Instituto Federal de Telecomunicaciones (IFT).

AT&T Mexico, which entered the market in 2015, reported revenues of 85.4 billion pesos and an operational margin of 1.6% in 2025. At the end of 2025, the company held approximately 24.7 million mobile subscribers. The sale allows AT&T to refocus capital on its United States market, specifically for fiber optic, domestic 5G, and artificial intelligence infrastructure.

New details indicate that BBVA has committed to providing up to $1.2 billion in financing for the transaction, consisting of a term loan and an additional credit line, reportedly backed by assets including shares in AT&T México. 

The acquisition would transition Mexico’s second-largest mobile operator to Mexican ownership. For Televisa, which already operates Izzi, the move provides an opportunity to offer integrated services. Legal experts suggest the acquisition is unlikely to trigger significant antitrust concerns from Mexico’s National Antitrust Commission (CNA), noting that Televisa does not currently face asymmetric regulation that would suggest anti-competitive behavior. Analysts suggest the combined market share for the new group in fixed and mobile telephony could increase from 8% to 19%.

## Timeline

### 2026-10-20: Grupo Televisa and Fintech to acquire AT&T México for $2 billion

Grupo Televisa and Fintech Holdings will acquire AT&T México for $2 billion, backed by $1.2 billion in financing from BBVA, to expand Televisa's mobile network presence.

4 sources. https://clstr.news/cluster/grupo-televisa-and-fintech-to-acquire-att-mxico-for-2-billion

### 2026-10-16: AT&T to sell Mexican mobile business to Televisa and Fintech Holdings

AT&T will sell its Mexican mobile telephony business for $2 billion to a consortium of Grupo Televisa and Fintech Holdings, aiming to refocus on 5G and AI in the United States.

7 sources. https://clstr.news/cluster/att-to-sell-mexican-subsidiary-to-televisa-and-fintech-holdings

### 2026-10-13: Televisa and Fintech to acquire AT&T Mexico for $2 billion

Grupo Televisa and Fintech Holdings will acquire AT&T Mexico for $2 billion, a deal expected to close in Q1 2027. The sale allows AT&T to focus on its U.S. market and 5G/fiber infrastructure.

40 sources. https://clstr.news/cluster/televisa-and-fintech-to-acquire-att-mexico-for-2-billion

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Cite as: Televisa and Fintech acquisition of AT&T Mexico. CLSTR, https://clstr.news/situations/televisa-and-fintech-acquisition-of-att-mexico