WS #15824
AT&T has reached an agreement to sell its Mexican telecommunications unit to Grupo Televisa and Fintech Holdings for $2 billion in cash. This divestiture is part of AT&T's broader strategy to streamline operations and reduce debt, focusing on its core US broadband and 5G infrastructure business. The deal is expected to be accretive to AT&T's earnings per share upon closing.
AT&T Divestiture of Mexico Unit
AT&T has reached an agreement to sell its Mexican telecommunications unit to Grupo Televisa and Fintech Holdings for $2 billion in cash. This divestiture is part of AT&T's broader strategy to streamline operations and reduce debt, focusing on its core US broadband and 5G infrastructure business. The deal is expected to be accretive to AT&T's earnings per share upon closing.