AT&T Said to Seek More Than $2 Billion for Mexican Unit (1)

AT&T Inc. is working with advisers to sell its Mexico unit, people familiar with the matter said, after struggling for more than a decade to gain ground on billionaire Carlos Slim’s dominant carrier in the country.

Dallas-based AT&T is seeking more than $2 billion for the business, according to the people, who asked not to be identified discussing confidential information.

Deliberations are ongoing and no final decisions have been made, the people said. A representative for AT&T declined to comment. Shares rose less than 1% to $27.63 at 11:01 a.m. in New York.

There is no guarantee that AT&T ...