Mexican Telecommunications Industry Reports 4% Revenue Drop to $8.285 Billion in Q1 2025

Web Editor

July 8, 2025

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Overview and Key Figures

The Mexican telecommunications industry generated 155,545.8 million pesos in the first quarter of 2025. This figure represents a 4.24% decrease from the first quarter of 2024, when it stood at 162,049.63 million pesos, according to data from the Federal Institute of Telecommunications (IFT) and reports from telecom companies.

In US dollar terms, the sector’s revenue dropped from 8,651.95 million USD in Q1 2024 to 8,284.23 million USD in Q1 2025.

In 2024, the telecom sector (excluding broadcasting) generated approximately 34,505 million USD, or 643,093.93 million pesos.

Factors Contributing to the Decline

Several factors may have negatively impacted the telecom sector’s revenue in Mexico:

  • Economic Performance: Mexico’s GDP grew by a mere 0.2% in Q1 2025, down from 1.9% annual growth in Q1 2024, raising concerns about a potential recession.
  • Cable TV Disconnections: There were 2.8 million cable TV disconnections during the period, affecting both wired and wireless subscriptions.
  • Fixed Voice Lines Growth: Despite a 1.75 million line increase in fixed voice services, surpassing 30 million fixed voice access for the first time, the industry still experienced a decline due to cable TV disconnections.

Contextual Factors

The broader economic context in Mexico also played a role in the telecom sector’s performance. In Q1 2025, Mexico’s GDP grew at a real annual rate of 0.6%, compared to 1.9% in Q1 2024 and 0.2% in the same quarter of 2025.

Comparison with Previous Years

Despite the Q1 2025 decline, the telecom sector’s nominal revenue remains higher than Q1 2023, which stood at 151,238.70 million pesos.

Key Questions and Answers

  • What is the main reason for the revenue drop in Mexico’s telecom sector? The primary factors contributing to the decline are the weak performance of Mexico’s economy, with a 0.2% growth in Q1 2025, and the disconnection of 2.8 million cable TV subscriptions.
  • How does the telecom sector’s 2025 Q1 revenue compare to previous years? Although there was a drop from 2024, the sector’s Q1 2025 revenue is still higher than Q1 2023.
  • What impact did the economic context have on the telecom sector? The unfavorable economic conditions, with a 0.2% Q1 2025 growth rate compared to 1.9% in Q1 2024, negatively affected the telecom sector’s performance.