Grupo Televisa stock faces 2027 catalyst after AT&T Mexico deal

Grupo Televisa and Fintech Holdings agreed on October 13, 2026, to acquire AT&T's wireless telecommunications business in Mexico for US$2 billion, subject to adjustments. The announcement was made by Grupo Televisa in a SEC Form 6-K filed for October.

The transaction gives Televisa and Fintech equal 50% stakes in the acquiring consortium. The consortium plans to fund the purchase with available cash and non-recourse secured debt financing, while completion remains conditional on customary closing requirements, including regulatory approvals in Mexico.

A Larger Mexican Telecom Platform

AT&T Mexico is described in the filing as the country's second-largest mobile operator. It had approximately 24.7 million wireless subscribers as of December 31, 2025, and provides mobile telephony, internet and other value-added services under concessions granted by Mexico's telecommunications authorities.

The target reported consolidated revenue of 85.4 billion Mexican pesos and operating income of 1.4 billion Mexican pesos for 2025. Those figures describe AT&T Mexico's business before the planned transaction and are not projections for the combined group.

For Televisa, the deal would add a wireless business to its existing fixed-line broadband, cable and direct-to-home satellite operations. The company also holds the largest shareholding in TelevisaUnivision, which produces and distributes Spanish-language content. The combination could broaden the group's telecommunications offering, but the transaction still faces execution and regulatory risks before any ownership change takes effect.

Accounting And Closing Outlook

Grupo Televisa said it expects to account for the purchase as an investment in a joint venture using the equity method under applicable IFRS standards. That treatment means the acquisition is not presented as a full consolidation of AT&T Mexico's revenue and operating income in Televisa's financial statements.

Closing is expected in the first quarter of 2027. Until then, the parties must satisfy the agreed conditions and obtain the necessary approvals. The announcement therefore sets a strategic direction rather than reporting a completed acquisition or an immediate change in Televisa's operating results.

Grupo Televisa stock traded at 2.10 euros on Lang & Schwarz at 14:39 CET on Tuesday, November 10, 2026.

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.