AT&T sells Mexican unit for $2 billion, which will be used to improve US connectivity

AT&T announced on Tuesday that it has sold AT&T Mexico to Grupo Televisa and Fintech Holdings. AT&T will receive $2 billion in cash at closing, subject to certain adjustments, plus additional contractual and contingent benefits.

AT&T has plans to take the proceeds of the transaction and invest them in additional 5G wireless and fiber technology and capacity. The goal is to improve the strength of the AT&T network in the US.

AT&T's deal to sell AT&T Mexico will close during Q1 of 2027

The transaction will close next quarter, which is the first quarter of 2027. The carrier said that both consumer and enterprise subscribers will not experience any changes to their wireless service.

In the US, AT&T makes meaningful progress with its strategy for gaining new customers

Now you must understand that the press release disseminated by AT&T is self-serving, which is why it says that the carrier has made "meaningful progress" with its strategy in the US where "customers increasingly choose AT&T for fast, reliable internet and wireless service."

By prioritizing its wireless and fiber networks, the carrier is preparing consumers, businesses, and communities for the advanced connectivity required for an AI-powered future. Meanwhile, since AT&T set up shop in Mexico, it has become one of the leading wireless providers in the country. To be more precise, based on market share, AT&T Mexico is second in the country after Telcel (América Móvil) with 16% of the market and approximately 24.7 million wireless subscribers.

The carrier feels good about the firms on the other side of the deal

AT&T to release Q3 results on October 21

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