On October 13, 2026, Grupo Televisa and Fintech Holdings agreed to buy 100% of AT&T Mexico for 2 billion dollars, according to Infobae. The deal, expected to close in the first quarter of 2027, consolidates a mobile market led by two local groups and ends more than a decade of foreign operators in the segment.
The exit is not an isolated case. In April, Telefónica sold Movistar Mexico to Melisa Acquisition, a vehicle of Oxio and Newfoundland Capital Management, for 450 million dollars, in a transaction the National Antitrust Commission has already approved. With both sales, the group headed by Televisa and financier David Martínez brings together more than 25 million mobile users and 5.8 million fixed-line subscribers, against a Telcel that retains the dominant position. The figure matters for Mexico because it defines who finances spectrum, 5G rollout and coverage in the years ahead.
AT&T Mexico closed the third quarter of 2026 with revenues of 1.24 billion dollars, an annual rise of 13.2%, and EBITDA of 236 million, 18.6% more, according to Infobae. The purchase still requires approval from the Telecommunications Regulatory Commission and the National Antitrust Commission. Daniel Hajj, chief executive of América Móvil, said at the October 21 earnings call, in remarks reported by La Jornada: "I think AT&T was a strong competitor and I think Televisa will be too." Hajj added that the company will step up investment and hire more salespeople and distributors, as well as expand 5G coverage.
The next stage is regulatory. The review of the preponderance measures applicable to América Móvil and the ruling on service convergence were left in the hands of the CNA and the CRT, the scheme that replaced the IFT. Hajj set out his expectation on pay TV for Telmex: "I hope the government will allow us to offer them too. I think they should, there is no reason not to." The pending authorizations, expected in the first quarter of 2027, will set the conditions under which the new map begins.
This article was drafted with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.