AT&T agrees to sell its Mexican subsidiary to Televisa and Fintech Holdings for $2 billion

The telecom giant said the transaction will transfer ownership of its Mexican operations to a consortium led by Grupo Televisa and Fintech Holdings. The deal, priced at $2 billion in cash, is part of AT&T's strategy to concentrate on its core U.S. market. Details on the timing of the closing were not disclosed, but the move signals a major shift in the company's international footprint.