AT&T agrees to $2 billion Mexico sale to Televisa and Fintech Holdings

First reported by Bloomberg at · Updated · 2 sources

The transaction would position the buyers to compete with billionaire Carlos Slim’s mobile phone business, according to Bloomberg. Light Reading reports that the purchase price will be paid in cash and that AT&T is putting greater emphasis on its US 5G and fiber networks and services.

Covered by 2 publishers within an hour of the first report.

Reporting2

Bloomberg Televisa, Fintech Holdings to Buy AT&T Mexico for $2 Billion · Andrea Navarro
Light Reading AT&T strikes deal to sell AT&T Mexico for $2B in cash