By Rebecca Stone

AT&T will collect just $2 billion for selling its Mexican business to Grupo Televisa and Fintech Holdings — less than five weeks of its annual capital investment, as LightShed Partners analysts Walter Piecyk and Joe Galone pointed out. The figure, agreed this week, ends a decade-long attempt to break America Movil's grip on the market and closes out a strategy that never gained traction.

AT&T Mexico counted 24.7 million wireless subscribers as of 31 December 2025, roughly 16% of the market. Telcel, America Movil's flagship, held approximately 58%. The buyers will each take an equal stake in the operation.

The sale forms part of a wider retrenchment under CEO John Stankey. LightShed's analysts noted AT&T is increasingly focused on its "US wireless and highly durable fibre business", arguing the Mexican unit has limited relevance to those priorities. Their verdict on the competitive landscape was blunt: "Telcel still controls nearly 60% of the market, while AT&T and Telefonica are heading for the exits."

They also flagged a threat that no terrestrial operator in Mexico can ignore: SpaceX's combination of terrestrial spectrum and satellite capacity, which could upend traditional wireless economics.

What does $2 billion actually buy?

Not much, by AT&T's standards. The operator spends well over $20 billion annually on capital investment, so the entire decade-long Mexican venture returns roughly one month of network spending. The real story is what the exit signals: a US-centric operator concentrating capital where fibre convergence is already proving itself, and abandoning a market where it never approached a challenge position against Telcel.

Can Apple catch Amazon and Google at home?

Apple this week unveiled the HomeView Hub, a smart display running its upgraded Siri AI, alongside a connected device range built with LG Electronics and Schneider Electric. The Apple Home Collection covers indoor and outdoor cameras, a video doorbell, thermostats and door locks.

Ben Wood, chief analyst at CCS Insight, said Apple had been waiting for the upgraded Siri before launching its home range, "given how important the voice interactions are with this product". He framed the LG and Schneider partnerships as a fix for "one of the category's biggest barriers: the complexity of getting things working".

ABI Research analysts called the launches "a more serious push into the smart home" but noted Apple "still trails Amazon and Google on smart home maturity". Their longer-term test is openness: "Apple's long-term position will depend on how open it becomes to third-party devices, services, and possibly external AI agents."

That caveat matters. Apple enters late, against two incumbents with installed bases built on cheap hardware, and its differentiator — an AI-powered Siri — must prove itself in shipping products before the partnerships and the premium positioning mean much.

Is Nokia exiting private networks entirely?

No, and the distinction matters. Nokia agreed to sell its Enterprise Campus Edge (ECE) business to investment firm Aurelius Group. The unit serves almost 900 customers across manufacturing, mining, logistics, airports, ports and power generation, spanning private wireless, industrial devices, on-premises operational technology, edge computing and industrial AI software.

Nokia said the sale frees capital and resources for areas offering greater long-term value. ECE will operate as a standalone company under Aurelius, with employees expected to transfer at closing. The move follows Nokia's sale earlier this month of its fixed wireless access CPE business to US vendor Inseego.

Pablo Tomasi, principal analyst at Future Wireless, called the ECE disposal "the end of a bold chapter" in which Nokia pushed to become an industrial vendor. But Kyung Mun, principal analyst at Mobile Experts, noted ECE was "a smaller part of its overall private networks business", which retains railway and defence segments. Nokia held more than 50% of core and RAN equipment sales in 2025 across industrial and enterprise segments.

"The ECE business grew in the low double digits," Mun said. "Let's see how it does under the new owner."

That is the right question. Nokia is shedding a unit with double-digit growth and near-900 customers, and the burden of proof now sits with Aurelius to show a private-equity owner can sustain momentum in a market Nokia itself decided was not core.