AT&T (T) Agrees To Exit Its Mexican Wireless Business

AT&T (NYSE:T) agreed to sell its Mexican wireless operations to Grupo Televisa and Fintech Holdings in a newly announced deal. The transaction covers AT&T's consumer and enterprise mobile business in Mexico, shifting those subscribers to the two buyers. Management framed the exit from Mexico as a way to direct more resources toward U.S. fiber and 5G network buildout. The decision to sell AT&T's Mexican wireless unit is important. Investors also need to weigh other business pressures and...