AT&T plans to sell its business in Mexico, rumored asking price exceeds 2 billion USD

According to informed sources, American telecommunications giant AT&T (T.US) is in discussions with advisors regarding plans to sell its Mexican business, with a valuation target of over $2 billion. Sources say that while no final decision has been made, the company has begun negotiations for a potential sale.

AT&T entered the Mexican market over a decade ago, but the local market is dominated by Telcel, a subsidiary of America Movil controlled by billionaire Carlos Slim. Over the past decade, Mexico has implemented telecommunications reforms aimed at breaking the monopoly and attracting international companies, but AT&T's development in the region remains constrained