AT&T and Televisa: Mexico Wireless Deal Has Minimal AT&T Impact, Creates Upside for Televisa
AT&T agreed to sell its Mexican wireless business for $2 billion to a 50/50 joint venture between Grupo Televisa and Fintech Holdings.
AT&T agreed to sell its Mexican wireless business for $2 billion to a 50/50 joint venture between Grupo Televisa and Fintech Holdings.
Following a period of investment, AT&T will hold a nationwide 5G wireless network with deep spectrum behind it and a fiber network capable of reaching around half of the US population. No carrier can match these assets.
The cost of maintaining dominance in the wireless industry by controlling spectrum has been costly. AT&T has spent more than $60 billion since 2020 on licenses with few prospects for incremental growth.
|
Metric
|
T
|
TMUS
|
VZ
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.28 | 14.24 | 9.18 |
Price/Book Value | 1.46 | 3.04 | 1.80 |
Price/Sales | 1.30 | 1.91 | 1.36 |
Price/Cash Flow | 4.29 | 5.63 | 4.58 |
|
Metric
|
T
|
TMUS
|
VZ
|
|---|---|---|---|
Quick Ratio | 0.49 | 0.54 | 0.50 |
Current Ratio | 0.97 | 0.92 | 0.64 |
Interest Coverage | 4.64 | 4.44 | 3.89 |
|
Metric
|
T
|
TMUS
|
VZ
|
|---|---|---|---|
Return on Assets (Normalized) | 4.36% | 5.90% | 4.06% |
Return on Equity (Normalized) | 16.75% | 21.68% | 15.75% |
Return on Invested Capital (Normalized) | 8.68% | 8.82% | 7.53% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Verizon Communications Inc
VZ
| LOCK|$^vTh#J | LOCK|jMN^ | $186B | |||
| T-Mobile US Inc
TMUS
| LOCK|@!S&d@C | LOCK|^#H> | $171B | |||
| Deutsche Telekom AG ADR
DTEGY
| LOCK|^hkZ#XPX | LOCK|Bgh$ | $139B | |||
| Comcast Corp Class A
CMCSA
| LOCK|%LKh#l | LOCK|RDSl> | $78B | |||
| America Movil SAB de CV ADR - Series B
AMX
| LOCK|z#nV<k | LOCK|rT?V | $69B | |||
| KDDI Corp ADR
KDDIY
| LOCK|!lrDxm | LOCK|tbxV | $68B | |||
| Orange SA ADR
ORANY
| LOCK|?>?jn%% | LOCK|R? | $43B | |||
| Vodafone Group PLC ADR
VOD
| LOCK|wf!lPl | LOCK|^vR | $38B | |||
| EchoStar Corp Class A
ECHO
| LOCK|RTH | LOCK|N% | $25B |