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Investing.com -- AT&T Inc (NYSE:T). is working with advisers to sell its Mexico operations for more than $2 billion, as the telecommunications giant looks to exit a market where it has struggled to compete with Carlos Slim’s dominant carrier, according to a report from Bloomberg.
The Dallas-based company has been unable to gain significant ground against Telcel, part of the America Movil (NYSE:AMX) SAB group controlled by billionaire Slim and his family, despite more than a decade of efforts in the Mexican mobile market.
People familiar with the matter, who asked not to be identified discussing confidential information, said deliberations about the potential sale are still ongoing and no final decisions have been made.
There is no guarantee AT&T will find a buyer for the Mexican unit. A representative for AT&T declined to comment on the matter.
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