Key Players and Their Investment Reductions
The combined investment efforts of four major telecommunications companies in Mexico—Izzi Telecom, Megacable Holdings, Teléfonos de México (Telmex), and Totalplay—have seen a significant 17% decrease in the first nine months of 2025. This reduction amounts to approximately $281.82 million, which these companies have chosen not to invest in the Mexican economy due to internal factors and the country’s own economic performance.
Relevance of the Four Companies
These four companies have collectively surpassed 45 million access points in voice, video, and internet fixed services. They have also played a crucial role in expanding Mexico’s telecommunications infrastructure, with over 650,000 kilometers of installed networks and a strong focus on fiber-optic technology. This infrastructure upgrade ensures that Mexican citizens receive cutting-edge technology, and each subscription can be linked to every resident in the addressed households.
As of September 2025, the combined reach of Izzi Telecom, Megacable, Telmex, and Totalplay exceeded 38.5 million households, translating to approximately 130.2 million individuals utilizing fixed telecommunications services in Mexico.
Investment Comparison and Trends
The combined investment of these four companies in the first nine months of 2025 stood at 26,243 million pesos ($1,405.69 million), which is comparable to the annual combined investment of Telcel and AT&T in the mobile market.
However, this figure is lower than the 31,502 million pesos ($1,698.47 million) invested by Izzi, Megacable, Telmex, and Totalplay during the same period in 2024. During that time, Mexico’s GDP had already begun to show signs of economic slowdown.
The combined investment decreased by 16.69% in the first nine months of 2025 compared to the same period in 2024. The most significant investment reductions occurred in the third quarter of 2025, coinciding with Mexico’s GDP contraction of 0.3%. The adverse effects were primarily felt in the mining, construction, and manufacturing industries, which together employ around 14 million people in Mexico.
- Investment Reductions by Company:
- Izzi Telecom: 10.48%
- Megacable: 16.16%
- Telmex: 20.74%
- Totalplay: 11.75%
At the third quarter level, Megacable reduced its investment by 13.72%, Telmex by 18.92%, and Totalplay by 10.61%. Although Izzi’s reduction in dollar terms is not yet clear, preliminary calculations also indicate negative numbers.
Impact of Economic Slowdown on Investments
Despite the challenging economic environment, private investment continues to connect more Mexicans. Megacable expanded its household coverage by 1,709,350 in the third quarter, while Izzi Telecom paid more taxes to the Federal Tax Administration Service. Telmex and Totalplay reported modernizing their access and transport networks.
However, there are concerns that the combined investment of Izzi Telecom, Megacable, Telmex, and Totalplay may not surpass $2,050 million (20,500 million pesos) in 2025, which Mexico recorded across the entire year of 2024.
Key Questions and Answers
- What is the total investment reduction by the four companies? The combined investment of Izzi Telecom, Megacable, Telmex, and Totalplay decreased by approximately $281.82 million in the first nine months of 2025 compared to the same period in 2024.
- Why did these companies reduce their investments? The reduction is due to internal factors and the overall economic performance of Mexico, which has shown signs of slowdown.
- What is the significance of these companies’ investments? These investments have expanded Mexico’s telecommunications infrastructure, ensuring that citizens receive advanced technology and connecting millions of households to fixed telecommunications services.
- Will the combined investment of these companies surpass previous levels in 2025? There are concerns that the combined investment may not reach $2,050 million (20,500 million pesos) in 2025, given the current economic challenges.
