Introduction to the Major Players in Mexico’s Telecom Sector
In the first quarter of 2025, four leading telecommunications companies in Mexico—Izzi Telecom, Megacable Holdings, Telmex, and Totalplay—invested a combined total of 9,303 million pesos (approximately 482.5 million USD) in maintaining and building infrastructure nationwide. This investment is 1.51% lower than the same period in 2024, when they invested 9,446 million pesos (around 489 million USD).
Contextualizing the Investment Levels
The investment levels in Q1 2025 reflect each company’s expansion plans, as they had already directed significant investments towards deploying new networks in recent quarters. However, all four companies agreed that their investment levels were consistent with the downturn in Mexico’s economy during Q1 2025.
Mexico’s GDP Growth and Telecom Investments
During Q1 2025, Mexico’s GDP grew by 0.2%, compared to 1.9% in Q1 2024, when these four major companies’ investments were 16.63% above the Q1 2023 investment level.
Significance of the Companies’ Actions
These four companies—Telmex, Izzi Telecom, Megacable, and Totalplay—are crucial in Mexico as they serve over 57 million access points, including fixed telephony, broadband, and pay-TV subscriptions in at least 25 million Mexican households. This translates to direct end-users of their services, as a fixed subscription supports at least four people in a household. Consequently, at least 100 million Mexicans use the fixed services of these four companies, with three of them maintaining nearly 1.5 million mobile access points in the market by Q1 2025.
From 2019 to 2025, the first trimesters show that the 2025 investment is the third-highest in this period, both before and after the COVID-19 pandemic.
Investment Trends Over the Years
In Q1 2022, these four companies invested 9,541 million pesos (approximately 500 million USD) in network deployment, but Mexico’s economy only grew by 0.9%. This decrease led to a lower investment level of 8,099 million pesos in Q1 2023.
In 2022, Megacable and Totalplay increased their investments in network modernization as part of their plans to become true national-reach companies in Mexico.
Investment Changes by Company in Q1 2025
Izzi Telecom increased its investments by 5% to 462 million pesos compared to its Q1 2024 investment level.
Megacable, however, reduced its investments by 1.95% to 2,308 million pesos, following a five-year plan with specific investment allocations from 2022 to 2027.
Telmex’s investments grew by 18.19% in Q1 2025, while Totalplay’s investments decreased by 21.76% during the same period, reflecting their intensive investments in Q1 2021-2024.
Key Questions and Answers
- Who are the major telecom companies in Mexico mentioned in this article? The four leading telecommunications companies in Mexico are Izzi Telecom, Megacable Holdings, Telmex, and Totalplay.
- What was the combined investment by these companies in Q1 2025? These companies invested a combined total of 9,303 million pesos (approximately 482.5 million USD) in Q1 2025.
- How does Mexico’s GDP growth compare to previous years? Mexico’s GDP grew by 0.2% in Q1 2025, down from 1.9% in Q1 2024.
- Why are these companies significant in Mexico? These companies serve over 57 million access points, impacting at least 100 million Mexican users through their fixed telephony, broadband, and pay-TV services.
- How have investment levels changed over the years? Investment levels decreased from 16.63% above Q1 2023 levels in Q1 2024 to 1.51% below Q1 2024 levels in Q1 2025, mirroring the decline in Mexico’s GDP.
