Grupo Televisa stock faces 2027 catalyst after AT&T Mexico deal
Published on 11/10/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTelecom expansion sets the next test
- Grupo Televisa and Fintech Holdings plan to acquire AT&T Mexico through an equally owned consortium.
- Regulatory approvals and financing arrangements remain key conditions before the expected first-quarter 2027 closing.
- Equity-method accounting means the planned transaction would not fully consolidate AT&T Mexico's revenue and operating income.
Grupo Televisa has added a major strategic milestone to its investment case after agreeing with Fintech Holdings to acquire AT&T's wireless telecommunications business in Mexico. The transaction was announced on October 13, 2026, and the latest AD HOC NEWS report says regulatory and closing conditions remain outstanding.
AT&T Mexico adds wireless scale
The planned purchase covers AT&T Mexico for US$2 billion, subject to adjustments. Televisa and Fintech would each hold 50% of the acquiring consortium, which intends to use available cash and non-recourse secured debt financing.
AT&T Mexico had approximately 24.7 million wireless subscribers at the end of 2025, according to the cited report. Its 2025 revenue was 85.4 billion Mexican pesos and operating income was 1.4 billion Mexican pesos. Those figures describe the target before the transaction and are not forecasts for the combined group.
Closing and accounting remain key
Grupo Televisa expects the transaction to close in the first quarter of 2027, subject to customary conditions and regulatory approvals in Mexico. The company plans to account for the purchase as an investment in a joint venture under the equity method, so AT&T Mexico would not be fully consolidated line by line in Televisa's financial statements.
The structure broadens Televisa's telecommunications exposure beyond fixed-line broadband, cable and satellite services, but investors still face execution, financing and approval risks before ownership changes hands.
Grupo Televisa stock traded at 2.08 euros on Lang & Schwarz at 17:04 CET on Tuesday, November 10, 2026.
Grupo Televisa at a glance
- Company: Grupo Televisa, S.A.B.
- ISIN: US40049J2069
- Tickers: NYSE: TV; BMV: TLEVISA CPO
- Trading venue: Lang & Schwarz
- Price: 2.08 euros at 17:04 CET on November 10, 2026
- Transaction: Planned acquisition of AT&T Mexico for US$2 billion, subject to adjustments
- Expected closing: First quarter of 2027, subject to regulatory approvals
US equity markets provide the broader backdrop for Grupo Televisa's New York-listed shares through the S&P 500.
For further company coverage, see More news and analyses on Grupo Televisa stock.
