BUZZ-Broadcaster Televisa jumps on reports of AT&T unit offer

Reuters
2025.12.10 19:32
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Televisa shares rise 7% following reports of a potential acquisition of AT&T's Mexican unit for $3-4 billion. Televisa's Izzi unit is reportedly making the bid, with Cerberus Capital Management also interested. The acquisition would add 24 million mobile subscribers, giving Televisa a 17% market share. Analysts note the need for significant investments in network upgrades and marketing. Televisa is analyzing deals but has not commented on ongoing processes.