Introduction
In a recent column, we discussed the second quarter results in mobile telecommunications within a recovering and stable environment. Delving deeper into the topic, consultancy CIU, based on data from INEGI and the International Monetary Fund (IMF), has shared its perspective on the entire industry, shaped by Q2 results marked by regulatory transition.
Surprising Certainty Amidst Regulatory Changes
Despite the pending integration of regulatory bodies and definition of new mechanisms, there is a noticeable sense of certainty to drive investment and competition. This has led to a very favorable growth of 4.3% in the telecommunications sector during Q2 2025, surpassing performance from the previous two quarters and even exceeding the 3.8% growth achieved in all of 2024.
Q2 2025 Telecommunications Sector Performance
The telecommunications sector generated total revenues of 154,119 million pesos in Q2 2025, marking a yearly increase of 4.3%. This figure significantly outperformed the overall economic growth, which only reached 1.2%.
Segment Analysis
Upon examining the main segments, a clear rebound is observed in fixed and mobile services, while pay-TV experienced a contraction trend.
- Fixed Services: Generated 26,160 million pesos (17% of total sector) with a yearly growth of 4.6%. This growth is 1.5 percentage points higher than the previous quarter, driven by increased business revenues and broadband provision.
- Mobile Services: Comprising voice, data, and equipment sales, revenues reached 92,468 million pesos (60% of total sector). This figure is 6.5% higher annually, supported by a 5.3% increase in service components and mobile equipment sales recovery from a -6.6% annual decline in the previous quarter to a +7.3% growth in Q2 2025.
- Pay-TV and Packaged Services: Experienced an annual contraction of 1.3%, primarily due to a 6.8% decrease in subscribers, a global trend partially offset by increased broadband-related revenues. Notably, there’s an increase in subscriptions to SVOD providers, which will be analyzed further.
Driving Forces Behind Optimism
The optimism in the industry stems from increased economic activity, partial reduction in regulatory uncertainty, and lower volatility likely due to a perceived stability in policy decisions.
Commitment to Expansion Amidst Regulatory Adjustments
Despite upcoming regulatory changes, leading companies in the sector have reaffirmed their commitment to network and capacity expansion. They are focusing on deploying optical fiber for fixed services and setting up 5G mobile network towers and infrastructure. These developments will not only enhance service coverage and quality but also establish the technological foundation for the country’s connectivity over the next decade.
Key Questions and Answers
- Q: What is the growth rate of the telecommunications sector in Q2 2025? A: The telecommunications sector grew by 4.3% in Q2 2025.
- Q: How do the main segments of telecommunications perform in Q2 2025? A: Fixed services grew by 4.6%, mobile services by 6.5%, and pay-TV and packaged services experienced a 1.3% annual contraction.
- Q: What factors contribute to the optimism in the telecommunications sector? A: Increased economic activity, reduced regulatory uncertainty, and perceived stability in policy decisions drive optimism.
- Q: How are telecommunications companies responding to regulatory changes? A: Despite upcoming adjustments, leading companies are committed to expanding networks and capacities, focusing on optical fiber for fixed services and 5G mobile network infrastructure.
