Televisa and Fintech to Acquire AT&T Mexico for US$2B
TV is trading near its 52-week low of $2.18 (6.4% above the low) on light trading volume (0.3× avg).
Summary
Televisa and Fintech Holdings agreed to acquire AT&T Mexico for US$2 billion, creating a 50/50 joint venture that would make Televisa a major wireless operator in Mexico. The acquisition will be financed with up to $1.4 billion in secured debt from BBVA México.
Updated with an SEC 6-K filing · What changed
Updates
· Seeking Alpha — TV shares jumped over 7% on Wednesday following the announcement.
· SEC 6-K — The acquisition will be financed with up to $1.4B in secured debt: a $1.2B term loan and a $200M revolving credit facility from BBVA México.
Key Events · M&A and Partnerships · TV
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Updated · · SEC 6-K
Financing Structure
The consortium expects to fund the purchase with cash on hand and non-recourse secured debt; Televisa will account for its stake using the equity method. The acquisition will be financed with up to $1.4 billion in secured debt: a $1.2 billion term loan and a $200 million revolving credit facility from BBVA México.
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US$2B Acquisition of AT&T Mexico
Televisa and Fintech Holdings agreed to acquire AT&T's Mexican wireless business for US$2 billion, subject to adjustments, through a 50/50 consortium.
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Scale and Financial Profile
AT&T Mexico is the second-largest mobile operator in Mexico with ~24.7M subscribers and Ps.85.4B revenue and Ps.1.4B operating income in 2025.
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Regulatory and Closing Timeline
The transaction requires regulatory approvals and is expected to close in Q1 2027.
Analysis · TV · Technology
Televisa is joining a 50/50 consortium with Fintech Holdings to buy AT&T's Mexican wireless business for US$2 billion. AT&T Mexico is the country's second-largest mobile operator with roughly 24.7 million subscribers and Ps.85.4 billion in 2025 revenue. The deal would roughly double Televisa's wireless scale and transform it into a major integrated telecom player, but it also brings significant integration and regulatory risk. Financing relies on cash on hand plus non-recourse secured debt, including up to $1.4 billion in secured debt from BBVA México, and the transaction is expected to close in Q1 2027 pending approvals.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 49% of the 204 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, TV was trading at $2.32 on NYSE in the Technology sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $2.18 to $3.49. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.