Televisa SAB 和 Fintech Holdings Inc. 已同意以 20 亿美元收购 AT&T Mexico，以与亿万富翁卡洛斯·斯利姆的移动电话帝国竞争。
Televisa SAB and Fintech Holdings Inc. have agreed to buy AT&T Mexico in a $2 billion deal to rival billionaire Carlos Slim’s mobile phone empire.
根据周二发布的声明，该合资企业将由 Televisa 和 Fintech 各持 50% 的股份。Televisa 由联合首席执行官伯纳多·戈麦斯和阿方索·德·安戈伊蒂亚领导，而 Fintech Holdings 由亿万富翁大卫·马丁内斯领导。
The joint venture will be equally owned by Televisa and Fintech, according to a statement on Tuesday. Televisa is led by co-Chief Executive Officers Bernardo Gómez and Alfonso De Angoitia, while Fintech Holdings is headed by billionaire David Martinez.
总部位于达拉斯的 AT&T Inc. 决定去年出售其墨西哥业务，此前该公司已挣扎超过十年，试图在斯利姆旗下的主导运营商 América Móvil SAB 面前占据优势。此举将使 Televisa 成为墨西哥首家提供移动服务、互联网、付费电视和固定电话的运营商。
Dallas-based AT&T Inc. decided to sell its Mexico business last year after struggling for more than a decade to gain ground on Slim’s dominant carrier, América Móvil SAB. The move will make Televisa the first provider in Mexico to offer mobile service, internet, pay TV and landline phone.
墨西哥移动市场由 América Móvil 集团旗下的 Telcel 主导。根据公司数据，AT&T Mexico 是该国第二大移动运营商，截至 2025 年 12 月 31 日，其市场份额为 16%，拥有约 2470 万无线用户。América Móvil 的市场份额为 58%。根据声明，AT&T Mexico 去年实现销售额 854 亿比索，净利润为 14 亿比索（约合 7600 万美元）。
The Mexican mobile market is dominated by Telcel, part of the América Móvil group. AT&T Mexico is the second-largest mobile operator in the country, according to the company, accounting for 16% share of the market with about 24.7 million wirelessrs as of Dec. 31, 2025. America Movil has a 58% market share. AT&T Mexico earned 1.4 billion pesos ($76 million) on sales of 85.4 billion pesos last year, according to the statement.
Televisa 在声明中表示，该交易预计将在明年早些时候完成，前提是获得监管批准。该集团将通过现金和担保债务融资的组合方式为收购提供资金。AT&T 股票在延长交易时段几乎没有变化。
The deal is expected to close early next year contingent on regulatory approval, Televisa said in the statement. The group will finance the acquisition through a combination of cash on hand and secured debt financing. AT&T shares were little changed in extended trading.
这是戈麦斯、德·安戈伊蒂亚和马丁内斯三人组今年的第二笔交易。早在二月，他们曾同意收购墨西哥零售银行 Banamex 的股份。
This is the second deal for the Gomez, De Angoitia and Martinez trio this year, after agreeing in February to buy a stake in Mexican retail bank Banamex.
AT&T于2014年在墨西哥扩张，当时它宣布收购Iusacell，随后又通过收购Nextel Mexico的资产进一步扩张，总投资达44亿美元。当时的墨西哥总统恩里克·佩尼亚·尼托推出改革，吸引了这家美国电信运营商。他设立了一个名为联邦电信研究所（IFT）的独立监管机构，以打击垄断行为。IFT制定了规则，迫使斯利姆的电信集团与竞争对手共享基础设施，并允许竞争对手免费接入其网络。
AT&T expanded in Mexico in 2014 when it announced the purchase of Iusacell, and later expanded with Nextel Mexico’s assets for a total of $4.4 billion. The US telecom provider was lured by the reforms of then-president Enrique Pena Nieto, who created an independent regulatory body called the Federal Telecommunications Institute to crack down on monopolistic behavior. The IFT instituted rules to force Slim’s telecom group to share infrastructure with competitors and let rivals connect to his network for free.
但在前总统安德烈斯·曼努埃尔·洛佩斯·奥夫拉多尔和现任领导人克劳迪娅·谢因鲍姆的领导下，墨西哥削减了许多改革措施。今年，墨西哥取消了IFT，并用隶属于政府的机构取代了这个独立监管机构。
But Mexico scaled back much of the reforms under former president Andrés Manuel López Obrador and current leader Claudia Sheinbaum. This year, Mexico scrapped the IFT and replaced the independent regulator with agencies that operate within the government.
尽管在墨西哥投资超过100亿美元，但AT&T在墨西哥移动市场的份额始终未能赶上Telcel，并且该公司还曾与斯利姆公开发生冲突。2022年，美洲移动指责AT&T在其与媒体巨头之间制造阻碍，阻碍了其长期追求的电视牌照，这场争端升级到互相辱骂的程度。去年，AT&T还同意将其在付费电视业务Sky墨西哥的股份出售给特莱维萨。
Despite more than $10 billion of investment in the country, AT&T’s share of Mexico’s mobile market never caught up with Telcel and the company has also clashed publicly with Slim. In 2022, America Movil accused AT&T of coming between the media giant and its long-sought television license in a feud that escalated to name-calling. Last year, AT&T also agreed to sell its stake in paid TV business Sky Mexico to Televisa.
AT&T并不是唯一一家计划退出墨西哥的电信集团。今年早些时候，西班牙电信公司（Telefonica SA）将其墨西哥业务——西班牙美洲电信公司（Telefonica Hispanoamerica SA）以4.5亿美元的价格出售给了Melisa Acquisition LLC。
AT&T isn’t the only telecommunications group that’s looking to exit Mexico. Earlier this year, Spain’s Telefonica SA sold its Mexican unit, Telefonica Hispanoamerica SA, to Melisa Acquisition LLC in a deal worth $450 million.