• COMMITMENT: Telecom giant AT&T says they are committed to investing in Mexico despite what they say are “disadvantageous” competition conditions. Like other companies, AT&T hopes that the Mexican regulators uphold asymmetric measures against América Movil, the main actor in the wireless sector.
• SIGNS: Despite continuing to report losses in 2019 fourth-quarter results (USD 127 million), AT&T’s Mexico unit is seeing positive signs, including a reduction of 60% of losses concerning Q3 2019 and a positive quarterly EBITDA for the first time since its arrival to Mexico in 2014.
• FAITH: “While the Mexican economy did not grow last year, the telecommunications sector grew by about 3.1 percent. This is a sector that as a whole has been growing several times higher than the economy for several years since 2009”, said Mónica Aspe, VP of external affairs for AT&T Mexico.
• VISIT: Last December, AT&T’s CEO, Randall Stephenson, paid a visit to President Andrés Manuel López Obrador and later met with the members of Mexico’s telecoms regulator (IFT). AT&T has a 14.8% share of Mexico’s mobile market and 19.2 million wireless subscribers.
