Grupo Televisa and Fintech Holdings, the investment firm of financier David Martínez, signed an agreement to acquire AT&T México for 2 billion dollars, with a 50% stake each in the buying consortium. The announcement was made public on October 13, 2026, and the deal is expected to close during the first quarter of 2027, subject to the usual regulatory approvals.
The Proceso report details that AT&T México is the country's second mobile operator, with approximately 24.7 million mobile subscribers as of December 31, 2025, and that it closed that year with consolidated revenues of 85.4 billion pesos and operating profit of 1.4 billion. The buyers plan to finance the transaction with a combination of available resources and secured debt, and Televisa will record the deal as an investment in associates and joint ventures under the equity method.
For the Mexican community in the country's north and in the United States, the move touches a daily service: the mobile connectivity that cross-border families use to call each other, work and send remittances. For years the market was concentrated in a single dominant operator; this deal adds a competitor with its own network infrastructure and a nationwide user base.
According to El CEO's analysis, Televisa would become the only player with internet, pay TV, fixed telephony and mobile telephony in a single group, an offering known as quadruple play. Citi noted in its analysis that Televisa retains a unilateral option to merge AT&T México with izzi two years after closing. Data from The CIU indicates that Telcel records an average revenue per user of 187 pesos per month, compared with 145 pesos for AT&T in the first quarter of 2026. The deal comes after the competition authority authorized the acquisition of Telefónica México by the consortium led by OXIO.
Closing is expected in the first quarter of 2027 and depends on approval from the National Antitrust Commission. The decision will define how many operators compete for each mobile user in Mexico.
This article was written with the assistance of artificial intelligence based on verified sources and reviewed by a human editor before publication.
