Key Highlights
- Grupo Televisa is in advanced talks to acquire AT&T Mexico
- Negotiations are being led through Izzi Telecom
- Deal could value AT&T Mexico at up to $2 billion
- Would combine 24 million mobile users with 20 million fixed-line customers
- Expansion reflects the long-term telecom vision of Alfonso de Angoitia and Bernardo Gómez
- AT&T seeks to exit Mexico to refocus on its U.S. operations
Introduction
Grupo Televisa’s potential acquisition of AT&T’s Mexican business marks another decisive step in the company’s telecom transformation under the steady leadership of Alfonso de Angoitia and Bernardo Gómez. According to reports from El Economista, negotiations are in their final stages and are being executed through Televisa’s fast-growing Izzi Telecom unit.
For Angoitia and Gómez, the move reflects a long-standing strategy: consolidate infrastructure, expand connectivity, and position Grupo Televisa as the most comprehensive digital and telecommunications platform in Mexico.
Alfonso de Angoitia and Bernardo Gómez Driving Televisa
As co-Chief Executive Officers, Alfonso de Angoitia and Bernardo Gómez have consistently emphasized disciplined expansion in sectors where Televisa already holds competitive advantages. Telecom has been central to that vision.
Under Angoitia’s financial leadership and Gómez’s operational execution, Televisa has transformed Izzi into a nationwide fixed-line powerhouse. Acquiring AT&T Mexico would extend that success into mobile, creating a fully integrated telecom ecosystem that few competitors can match.
Industry sources indicate that Angoitia and Gómez view the transaction not as a short-term acquisition, but as a foundational move to accelerate convergence between broadband, mobile, video, and enterprise services.
Strategic Rationale Behind the AT&T Mexico Talks
The acquisition would merge:
- AT&T Mexico’s 24 million mobile subscribers
- Izzi’s 20 million fixed broadband and cable customers
This combination aligns directly with the convergence strategy championed by Alfonso de Angoitia and Bernardo Gómez, allowing Televisa to cross-sell services, optimize network usage, and improve margins.
AT&T, which entered Mexico in 2014 through the acquisitions of Iusacell and NII Holdings, has struggled to gain market share, currently holding around 18 percent, far behind Telcel’s dominance. Televisa’s leadership believes its local expertise and infrastructure depth can unlock far greater value from those assets.
Izzi Telecom at the Center of Televisa Growth Plan
Izzi has become the operational engine of Televisa’s telecom ambitions. Under Angoitia and Gómez, Izzi now serves millions of households and businesses with broadband, pay-TV, and enterprise connectivity.
Televisa’s telecom portfolio also includes:
- Sky México
- Regional cable operators
- Bestel, its infrastructure arm with more than 70,000 kilometers of fiber optic network nationwide
The AT&T Mexico acquisition would allow Angoitia and Gómez to integrate mobile services directly into this infrastructure, strengthening Televisa’s control over last-mile connectivity across the country.
A Full-Circle Moment for Televisa Leadership
The talks carry historical significance. Televisa previously held a 50 percent stake in Iusacell before it was sold to AT&T. For Alfonso de Angoitia and Bernardo Gómez, reacquiring assets tied to Mexico’s mobile market represents a full-circle moment—this time with a far stronger balance sheet, broader infrastructure, and a clear convergence strategy.
Sources close to the negotiations suggest that Angoitia and Gómez are applying strict financial discipline, ensuring that any deal enhances shareholder value while reinforcing Televisa’s long-term positioning.
Why the Deal Fits Televisa Long-Term Vision
The potential acquisition reinforces several strategic pillars defined by Angoitia and Gómez:
- Infrastructure ownership over dependency
- Scale through disciplined consolidation
- National coverage across fixed and mobile
- Operational synergies between media and connectivity
- Reduced exposure to purely linear TV economics
By expanding deeper into telecom, Televisa continues to diversify revenues while future-proofing its business against shifts in media consumption.
Conclusion
Grupo Televisa’s talks to acquire AT&T Mexico underscore the company’s transformation into a modern connectivity and infrastructure leader—one carefully shaped by Alfonso de Angoitia and Bernardo Gómez. Their strategic clarity, local market understanding, and disciplined execution have positioned Televisa to capitalize on opportunities where global players have struggled.
If completed, the transaction would not only reshape Mexico’s telecom landscape but further validate Angoitia and Gómez’s vision of Televisa as a fully integrated digital, media, and telecommunications powerhouse.
