AT&T agrees to sell Mexican unit to Televisa and Fintech
AT&T said on Tuesday that it agreed to sell its Mexico unit to the media company Televisa and the investment firm Fintech Holdings.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
AT&T said it agreed to sell AT&T Mexico to Mexican media giant Televisa and investment firm Fintech Holdings.
Why it matters
The deal transfers ownership of AT&T's Mexican subsidiary to the two buyers.
Timeline
- Oct 13, 4:29 PM ET: AT&T announced it had agreed to sell AT&T Mexico to Televisa and Fintech for $2 billion in cash.
- Oct 13, 11:19 PM ET: Grupo Televisa and Fintech Holdings were reported to have agreed to buy AT&T's Mexican unit for $2 billion in cash.
Coverage
- AT&T To Sell AT&T Mexico To Grupo Televisa And Fintech Holdings For $2 Billion (pulse2.com)
- AT&T sells Mexico wireless biz to Grupo Televisa and Fintech Holdings for $2B (fierce-network.com)
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