Despite the fact that the Mexican economy faces contraction in 2020, the first effects generated by the COVID-19 pandemic in the country’s telecom market were not hit during the first quarter, according to an analysis by the Competitive Intelligence Unit (CIU).
Sales of mobile devices increased 18%, while telecom services have seen growth of 9.1%, resulting in total revenues of MXP 74 billion ($3.1 billion) for the segment, as a report on Milenio pointed out.
During the quarter 123.8 million new lines entered the market, 81.8% of which are prepaid and 18.2% post-paid.
97.8 operating lines
per 100 inhabitants is the penetration of mobile services in Mexico. Brazil, another big Latin American market, surpassed 1 line for each inhabitant in 2018, and today counts around 110 lines per 100 inhabitants.
The mobile segment measured in lines was slightly concentrated, as Telcel increased its market share from 61.9% in the fourth quarter of 2019 to 62.4% in the first quarter of 2020.