Background on Altán Redes and its Competitors
Altán Redes is a Mexican wholesale telecommunications operator, while Telcel, AT&T, and Movistar are retail-focused companies with some wholesale operations. Altán’s recent growth has positioned it as a significant player in the Mexican telecom market.
Revenue Growth Comparison
In the first quarter of 2025, Altán Redes reported a 48.53% increase in revenue compared to the same period in 2024. This growth contrasts with Telcel’s 3.3% decline, AT&T’s 8.7% decrease, and Movistar’s 1.3% organic growth.
Revenue in USD and Market Position
Altán Redes’ revenue for Q1 2025 equates to 4.92% of Telcel’s USD revenue for the same period, 15.65% of AT&T’s Q1 revenue, and 46.34% of Movistar’s Q1 revenue. The Instituto Federal de Telecomunicaciones (IFT) data indicates Altán Redes is now the eighth-largest revenue generator in Mexico, up from ninth place a year ago.
Operational Performance
Altán Redes achieved its first operational profit in January 2025. Its Q1 2025 revenue was 2.14% higher than Q4 2024, traditionally the best quarter for telecom companies.
Impact and Implications
Altán Redes’ improved financial situation allows it to:
- Generate more income for shareholders: The increased revenue benefits Altán’s investors, contributing to the company’s financial stability.
- Service its debt: Altán can better manage its substantial debt to the Mexican government, ensuring continued investment in its telecommunications infrastructure.
- Support network maintenance: With improved finances, Altán can maintain and upgrade its network to better serve its customers, despite criticism from competitors regarding its lower tax burden due to using the 700 MHz band.
Customer Base and Network Coverage
Altán Redes supports over 81% of virtual mobile network operator (VMNO) lines in Mexico, equivalent to approximately 20 million cellular connections. Its customer base comprises 140 VMNOs, demonstrating its significant role in the Mexican telecom ecosystem.
