Key Highlights

  • AT&T agreed to sell AT&T Mexico for $2 billion in cash at closing.
  • The deal is expected to close in the first quarter of 2027.
  • Third-quarter earnings are due before the market opens on October 21.
  • AT&T guides to adjusted EPS of $2.25 to $2.35 for 2026.

AT&T has told the market it is leaving Mexico. On Tuesday, October 13, 2026, the company said it had agreed to sell AT&T Mexico to a venture owned equally by Grupo Televisa (NYSE:TV) and Fintech Holdings for $2 billion in cash at closing, plus unspecified contractual and contingent benefits. The announcement arrived eight days before the Dallas-based carrier reports third-quarter results. At the October 14 close, shares of AT&T (NYSE:T), a member of the S&P 500, stood at $23.05, leaving a market value near $158 billion.

A Deal Expected to Close in Early 2027

According to AT&T's release, the deal is expected to close in the first quarter of 2027, subject to customary conditions and Mexican regulatory approvals. Until then, the unit will be reported as "held for sale" within continuing operations beginning with the third-quarter 10-Q. AT&T said U.S. customers will see no change in service. Media reports note that AT&T paid $4.4 billion in 2014 for Iusacell and Nextel Mexico and invested well over $10 billion more, while struggling to gain share against América Móvil. The release does not disclose subscriber counts, Mexican revenue, or how the proceeds will be used.

Focus on Fiber and 5G

The company has described its priority as building what it calls the strongest fiber and 5G network in the United States, and it has also announced a fiber venture with GIP and CPP Investments. A cash inflow of $2 billion is modest against a company of this size, so the more relevant effect may be management attention and capital discipline rather than the headline number. AT&T has guided to adjusted earnings per share of $2.25 to $2.35 for 2026, roughly $8 billion of share repurchases and an unchanged $1.11 annual dividend, equal to a 4.82% yield at the latest close.

A Step Toward a Simpler Business

The Mexico sale is a confirmed step in simplifying AT&T into a largely U.S.-focused fiber and wireless business, though its financial impact is unquantified beyond the $2 billion price. The third-quarter report, due before the market opens on October 21 with a call at 8:30 a.m. Eastern, could provide clearer commentary on proceeds, earnings and capital priorities.