Televisa buys AT&T Mexico unit for $2 billion

Key facts

• Televisa's acquisition of AT&T's Mexican unit is valued at $2 billion.
• The deal is expected to create a stronger rival to America Movil.

Televisa announced on Tuesday it would acquire AT&T's Mexican unit for $2 billion. The acquisition is poised to significantly expand the broadcaster's telecommunications footprint and establish it as a more formidable competitor to America Movil, the dominant player in the Mexican market. Shares in Televisa saw an increase following the announcement.