Milbank LLP is advising a consortium comprised of affiliates of Fintech Holdings Inc. and Grupo Televisa, S.A.B. (NYSE: TV; BMV: TLEVISA CPO) in connection with its agreement with affiliates of AT&T Inc. (NYSE: T) to acquire AT&T’s wireless telecommunications business in Mexico (AT&T Mexico) for a purchase price of USD $2 billion, subject to certain adjustments. Closing of the transaction is subject to certain customary closing conditions, including the receipt of regulatory approvals.
AT&T Mexico is the second-largest mobile operator in Mexico, with approximately 24.7 million wireless subscribers as of December 31, 2025. AT&T Mexico provides integrated telecommunications services, including mobile telephony, internet and certain other value-added services.
The Milbank team was led by partners Adam Brenneman and Francisco Nuñez and associate Gabe Carolan.
The Milbank team also included Global Corporate/M&A partners Scott Golenbock, Ben Fidler and Douglas Howell, associates Ashley Kemper, Leslie Hamic, Claire Jones and Joshua Rosenberg and law clerk Sofie Tabernilla; Intellectual Property special counsel John Garces; Tax partner Max Goodman and associate Mariam Bojalil; Executive Compensation partner Mike Shah and special counsel Jameson Frazier; Corporate Finance and Securities associate Fernando Quezada, international attorney Josefina Arana and law clerk Shireen Faisal; Antitrust partners Fiona Schaeffer and Grant Bermann, special counsel Alexis Brown-Reilly and associate Sharvari Kothawade; Transportation and Space partner Patrick Campbell and associate Richard Couch; and Global Risk & National Security partner Bijan Ganji, special counsel Pinky Mehta and associate Melis Ulusel.
