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General

Mexico telecom investment up 7.6% to MXN 70 bln in 2016

Friday 12 May 2017 | 14:54 CET | News
Mexico's telecommunications infrastructure sector received a total of MXN 70.2 billion (around USD 3.7 billion) in private investment last year, around 7.2 percent more than the previous year, according to a report from communications regulator IFT. America Movil was responsible for 51 percent of the sector's infrastructure spend and accounted for 78 percent of mobile customers plus 57 percent of fixed broadband subscribers. Total operator revenues came to MXN 456 billion in 2016 (some USD 24 billion), around 2 percent more than in 2015, said the IFT.

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Categories: General
Companies: America Movil / IFT
Countries: Mexico
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