Mexico Telecom Sector Grows 9.29%

The Mexican telecommunications industry recorded nominal revenue growth of 9.29% in the first quarter of 2026. However, after adjusting for inflation, real growth stood at 4.95%, according to the Telecommunications Regulatory Commission (CRT) and the National Institute of Statistics and Geography (Inegi).

Sector revenue reached approximately US$9.4 billion from January through March 2026, equivalent to around MX$10.01 billion based on the average exchange rate for the first quarter. This compares with roughly US$8.6 billion in the same period of 2025, based on the year-over-year comparison published by the CRT.

According to Inegi, average inflation during the period was 4.13%. Adjusting revenue growth for inflation results in an approximate real increase of 4.95%.

The results should be interpreted according to the statistical series provided by the CRT, which differs from the data previously published by the Federal Telecommunications Institute (IFT).

The industry’s performance is particularly relevant amid efforts to expand coverage, modernize mobile networks, and deploy fiber-optic infrastructure.

The annual real growth rate of approximately 4.95% reflects an increase in revenue after adjusting for general inflation. However, the data alone does not indicate an improvement in companies’ financial performance or an increase in their investment capacity.

The five-year comparison adds another dimension to the analysis. Nominal revenue increased by nearly 34%, while real growth—calculated using the current historical data series—would stand at just 2.8%.