Overview
- Televisa told investors it is prepared to pursue mergers and acquisitions in telecommunications to accelerate its move into mobile service.
- The company filed in April for shareholder approval to raise up to 7,200 million pesos on Mexico’s stock exchange to fund potential transactions.
- Televisa has freed up cash by retiring the final $207 million of its 2026 bonds, canceling 2026 dividends, and reporting a 1,030 million peso profit in the first quarter.
- Media reports say AT&T México is a leading candidate at a price above $2 billion, which would add spectrum, network assets, and a direct mobile foothold to challenge Telcel.
- Analysts warn a deal could strain finances and draw close regulatory review in a market led by Telcel, yet consumers could see stronger bundles and more choice if competition grows.