Televisa anticipates that its acquisition of AT&T would improve its standing, although debt will rise
The acquisition of AT&T’s Mexican unit will greatly improve the Televisa company’s competitive position. But it will also result in a rise in its net debt, the group stated on Friday.
Subject to pertinent regulatory approvals, the $2 billion deal, which is organized as a 50/50 joint venture with Fintech Holdings, is expected to completion in the first quarter of 2027.
There will be about 24 million mobile service users under the new organization.
During a meeting with analysts regarding financial results, Grupo Televisa co-CEO Alfonso de Angoitia stated that the merged assets will also include 5.7 million broadband subscribers and 6.3 million TV service subscribers.
The group said on Friday that while the acquisition of AT&T’s Mexican division will significantly strengthen Televisa’s competitive position. It will also increase its net debt.
The $2 billion agreement, which is structured as a 50/50 joint venture with Fintech Holdings. Is anticipated to be completed in the first quarter of 2027, subject to all regulatory clearances.
24 million mobile consumers
Under the new company, there will be roughly 24 million mobile service consumers.
Grupo Televisa co-CEO Alfonso de Angoitia said that the combined assets will also comprise 6.3 million TV service subscribers and 5.7 million internet subscribers. At a conference with analysts about financial performance.
The executive said that the acquisition «places us in a strong position to consolidate our indisputable place as the second largest telecoms operator in our country.»
The biggest Spanish-language content creator in the world said on Thursday. That it generated a profit in the third quarter due to a decrease in finance and tax costs offsetting a deceleration in sales.
After a first unsuccessful attempt between 2012 and 2014, Televisa’s acquisition of AT&T Mexico, which ended 2025 with revenues of 85.4 billion pesos and an operating profit of 1.4 billion. This represents the company’s second attempt to enter the cutthroat telecommunications industry.
