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General

Mexico telecoms investment up 35% to MXN 65.8 bln in 2015

Friday 13 May 2016 | 14:04 CET | News
Mexico's telecommunications sector received a total of MXN 65.8 billion (around USD 3.7 billion) in private investment last year, some 34.8 percent more than 2014, according to a report from telecoms watchdog IFT. The growth was driven by investment in the fixed line sector, which soared by over 50 percent to MXN 47.6 billion, thanks above all to the expansion of high-speed broadband networks. Investment in mobile telecommunications rose by 8.4 percent to MXN 18.2 billion, a figure that's set to increase significantly in 2016 due to AT&T Mexico's commitment to spend USD 3 billion to expand

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Categories: General
Companies: America Movil / Axtel / Megacable / Televisa / Telmex / Telnor
Countries: Mexico
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