AT&T to Sell Mexico Wireless Operations for $2 Billion

Key Facts

AT&T has agreed to sell its wireless operations in Mexico to Grupo Televisa and Fintech Holdings. Investing.com reported that the transaction is valued at approximately $2 billion, as the company moves to streamline its corporate portfolio.

The divestment is part of AT&T's ongoing strategy to focus on its core domestic assets and prioritize debt reduction. While the sale represents an exit from a major international market, the move is intended to strengthen the company's balance sheet and concentrate resources on its primary operations.