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AT&T Acknowledges a $2.6 Billion Deterioration in the Sale of Mexico
Summary by El Economista
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The departure of AT&T from Mexico implies an accounting adjustment of $2.6 billion and a lower annual contribution of between $400 and $500 million in cash flow, although the company will reduce its investment costs.
In mid-October AT&T reported that it would sell its Mexican subsidiary to Grupo Televisa and Fintech Holdings for $2 billion. The AT&T publication estimates an impact of up to $500 million per year on its cash flow from the sale of its subsidiary in Mexico first appeared in EL CEO.
The US telephone number recorded an extraordinary accounting charge related to the sale of its Mexican business, effective from 2027.
·Mexico City, Mexico
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