AT&T wanted to sell its business in Mexico for a long time: Sheinbaum explains why Televisa acquired the company
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Share Obed Nares Obed Nares I am passionate about words, creativity, entertainment, technology, and innovation. I am Mexican, a journalist, writer, artist, and so-called philosopher. The sale of AT&T Mexico to Grupo Televisa and Fintech Holdings was apparently not a sudden decision. Claudia Sheinbaum stated that the US company had already been looking to get rid of its Mexican business for some time and that its strategy is now focused primarily on the United States. "AT&T wanted to sell for a long time," said the president during her morning press conference on October 15, when she was asked about the transaction announced two days earlier. According to Sheinbaum, the company is concentrating its efforts on the US market, particularly amid a scenario of fierce competition surrounding telephony and artificial intelligence. Sheinbaum's statement matches the explanation given by AT&T when it officially announced the sale of its Mexican subsidiary. The US company agreed to sell AT&T Mexico for 2 billion dollars in cash at closing, subject to certain adjustments, in addition to contractual benefits and additional contingencies. The transaction is expected to close during the first quarter of 2027 and still requires the corresponding regulatory approvals in Mexico. AT&T explained in a statement that the transaction is part of its strategy to concentrate capital allocation in the...
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