Key Players and Their Investments
Izzi Telecom, Megacable Holdings, Teléfonos de México (Telmex), and Totalplay are the leading telecommunications companies in Mexico. Their combined investment for the first nine months of 2025 stands at approximately 1,405.69 million USD, totaling 26,243 million pesos.
Significance of the Investment Drop
This investment reduction is significant as these four companies together surpassed 45 million customers in voice, video, and internet fixed services by mid-2025. They have also contributed to Mexico’s infrastructure, with over 650,000 kilometers of installed networks and maintaining infrastructure using fiber-optic technology.
This extensive infrastructure reach implies that Mexican citizens are being served with cutting-edge technology. Moreover, it translates to each subscription potentially representing multiple users per household, meaning the combined power of Izzi Telecom, Megacable, Telmex, and Totalplay would have exceeded 38.5 million households (approximately 130.2 million individuals) using fixed telecommunications services in Mexico by September 2025.
Comparison with Previous Year
The combined investment of these four companies decreased by 16.69% in the first nine months of 2025 compared to the same period in 2024, when Mexico’s GDP began showing signs of economic slowdown.
The most substantial drops in telecom investments occurred in Q3 2025, coinciding with a 0.3% contraction in Mexico’s GDP, affected mainly by adverse conditions in mining, construction, and manufacturing industries. These sectors account for nearly 14 million direct jobs in Mexico.
- Izzi Telecom: -10.48%
- Megacable: -16.16%
- Telmex: -20.74%
- Totalplay: -11.75%
At the Q3 level, Megacable reduced its investment by 13.72%, Telmex by 18.92%, and Totalplay by 10.61%. Izzi’s real dollar reduction is still unclear, though preliminary calculations also indicate negative numbers.
Investment Amidst Adversity
Despite the challenging economic climate, private investment continues connecting more Mexicans. Megacable expanded its household coverage by 1,709,350 in Q3, while Izzi Telecom paid more taxes to the Federal Tax Administration Service. Telmex and Totalplay reported modernized access and transport networks.
Key Questions and Answers
- What is the total investment by these companies in the first nine months of 2025? Approximately 1,405.69 million USD (26,243 million pesos).
- Why is this investment reduction significant? These companies serve millions of customers and contribute significantly to Mexico’s telecommunications infrastructure.
- How does this investment drop compare to the previous year? The combined investment decreased by 16.69% in the first nine months of 2025 compared to the same period in 2024.
- What sectors are impacting Mexico’s economic slowdown? Mining, construction, and manufacturing industries are experiencing adverse conditions.
- How are these companies adapting to the economic downturn? Despite challenges, they continue investing and modernizing their networks while dealing with the effects on their operations.
