The consortium will acquire AT&T’s mobile telecommunications business in Mexico, which has nearly 25 million subscribers. The deal will allow Televisa to expand its presence in telecommunications and strengthen its convergent services offering.
Grupo Televisa and Fintech Holdings have reached an agreement to acquire AT&T Mexico for US$2 billion, in a transaction that will significantly expand the Mexican group’s presence in the telecommunications sector and strengthen its position in the connectivity services market.
According to a statement filed by Grupo Televisa with the Mexican Stock Exchange, the acquisition will be carried out by a consortium equally owned by the two companies, each holding a 50% stake.
AT&T Mexico is the country’s second-largest mobile operator, with approximately 24.7 million subscribers at the end of 2025. During that year, the company reported consolidated revenues of MXN 85.4 billion and operating income of MXN 1.4 billion.
The transaction will allow Grupo Televisa to complement its fixed broadband and pay-TV businesses with a stake in one of Mexico’s leading mobile operators. Through izzi and Sky, the company already has a significant presence in connectivity and entertainment services.
The agreement therefore represents a major step toward a more integrated telecommunications offering, with the potential to combine fixed broadband, mobile services, pay TV, and digital platforms.
According to Scotiabank estimates cited by Reuters, Televisa’s share of the combined fixed and mobile subscriber market could increase from 8% to 19%, strengthening its competitive position against América Móvil, the country’s
