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AT&T to sell Mexican wireless unit to Grupo Televisa and Fintech Holdings for $2 billion

The Wall Street Journal +2 ·

T AT&T Inc
$22.85 +1.60%
View chart & analysis →
TV TV -0.90%
  1. 1AT&T has agreed to sell its Mexican wireless business to Grupo Televisa and Fintech Holdings in a $2 billion cash transaction.
  2. 2Televisa's US-listed ADR rose 3.2% following after-hours trading.
  3. 3AT&T spent $4.4 billion in 2014 to acquire and integrate Iusacell and Nextel Mexico.

So what's the key point?

What is the main point? AT&T decided to sell its Mexican wireless business to other companies for $2 billion. Following this news, Televisa's stock price rose 3.2%.

Source The Wall Street Journal +2 · View original ↗

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