Mexico Telecoms

Mexico is a Fast Grower telecom market in Central America with 3 main Mexico Telecom Companies and 107.3 million mobile connections. mexico telecoms

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Mexico Telecoms


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With a population approaching 125 million and with relatively low broadband and mobile penetration, Mexico’s telecom sector retains significant potential for growth. The market is still dominated by the incumbent Telmex and by Grupo Televisa, which together retain about two thirds of subscribers overall. A sector regulator set up in 2013 has enforced measures aimed at removing barriers to foreign investment and at reducing the market share of these dominant operators. The reforms are helping to make Mexico’s telecom market more competitive. The telecom service revenue growth in the Mexico over 2019-2024 will be driven by mobile data, fixed broadband, and pay-TV segments. Mobile data will be the largest revenue-contributing segment over 2019-2024 supported by rising smartphone subscriptions, increasing mobile data consumption, strengthening LTE networks, and the expected launch of commercial 5G services in 2021. Fixed broadband market will be the fastest growing segment, driven by robust growth in FTTx and fixed wireless subscriptions.

Ongoing fixed broadband network expansions as part of the government’s national development plan and Internet for all initiatives will improve the penetration of fixed broadband services in the country and contribute to fixed revenue growth. Pay TV revenue will increase over the forecast period, primarily supported by steady subscription growth in cable and projected significant adoption for IPTV services.

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In the fixed broadband sector significant changes are underway, with the main cable TV providers Megacable and Grupo Televisa widening their bundled services offerings, and with some important market consolidation. The fibre sector has shown particularly strong growth during the last two years as the key operators expand their network reach beyond the core densely urban areas.

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