Televisa Details $2B AT&T Mexico Acquisition: $400M Cash Stake, $1.4B Debt Financing
TV is trading near its 52-week low of $2.18 (5.0% above the low) on light trading volume (0.3× avg).
Summary
Televisa's Information Statement reveals it will contribute ~US$400M cash for a 50% stake in AT&T México, with the consortium financing up to US$1.4B in secured debt. Pro forma figures show the deal would have cut H1 2026 pre-tax income by 44%.
Key Events · M&A and Partnerships · TV
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AT&T México Acquisition Terms Detailed
Televisa (via CVQ) and Fintech Mercury will each hold 50% of AT&T México, acquired for US$2 billion through a trust structure, with the EPA dated October 13, 2026 and AT&T Services, Inc. as guarantor.
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Televisa Cash Contribution: ~US$400M
Televisa's 50% stake requires an estimated cash contribution of US$400 million (Ps.7,003.6M at June 30, 2026 exchange rate), funded in part by the Ps.6,917.8M convertible debentures issued in June 2026.
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US$1.4B Non-Recourse Debt Financing
The consortium expects up to US$1.4 billion in secured debt from BBVA México — a US$1.2B term loan plus US$200M revolving facility — secured by pledges over AT&T México equity and SPV shares.
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Pro Forma Earnings Impact
Televisa's 50% share of AT&T México losses would have reduced H1 2026 pre-tax income by 44% (Ps.690.8M) and increased FY2025 pre-tax loss by 59% (Ps.593.0M), reflecting AT&T México's net loss of Ps.1,433.8M in 2025.
Analysis · TV · Technology
This 6-K provides the full Information Statement on the AT&T México acquisition, adding critical financial details absent from the earlier announcement. Televisa will contribute approximately US$400 million in cash for its 50% stake, while the consortium will take on up to US$1.4 billion in non-recourse secured debt from BBVA México. The pro forma financials reveal the deal would have cut Televisa's H1 2026 pre-tax income by 44% and deepened its FY2025 pre-tax loss by 59% — a significant earnings drag from AT&T México's ongoing losses. The transaction transforms Televisa into a major wireless operator with nationwide mobile network ownership, but at the cost of substantial leverage and near-term earnings dilution.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 49.3% of the 201 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.63%. 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 $2.29 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 neutral market sentiment and an importance score of 9 out of 10.