Mexico joins AT&T rebellion
August 29, 2017
By Chris Forrester
Mexico has joined Brazil in saying that the AT&T planned merger with Time Warner cannot go ahead unless AT&T sells off its Sky Mexico pay-TV subsidiary. Brazil issued a similar demand last week.
Mexico’s Federal Telecommunications Institute (IFT) regulator said that once AT&T disposes of its 41 per cent stake in Sky Mexico, and that AT&T isolates Time Warner’s HBO LatAm activities, then the merger with Time Warner can proceed.
AT&T owns 93 per cent of Sky Brazil.
IFT explained that it considered there were also risks of AT&T coordinating its activities with the giant Televisa broadcasting group.
AT&T on August 24 reached a joint roaming agreement with América Móvil.