Altán Redes trusts that the Sheinbaum government will strengthen connectivity

“We are all going to have a more robust network with greater capacity,” said Lerma before a private meeting with industry operators, referring to the Red Compartida that in the last two years has been positioned as the key piece of the government’s objectives. Workerism to bring internet to remote areas.

In the document 100 steps to TransformationSheinbaum Pardo explained that during his six-year term he will rely on Altán Redes to enable telephone and internet services in 66,062 locations, considered the most underserved and equivalent to 8.1 million people.

The government, aware of the relevance of the Altán network for the next six years, has made its latest political moves to bring the company to a successful conclusion. In the last three months, the Federal Electricity Commission (CFE) has dedicated itself to looking for options to absorb the company’s debt, which amounts to more than 29,811.8 million pesos. This would ensure that Altán does not fall into financial risk.

Altán’s CEO acknowledged that the company faces challenges. By having ‘significant government participation’, the State requires “the performance of the project in social and connectivity terms”, while the private party that is still part of the association, needs a guarantee of economic sustainability.

“In that sense I see that (the Sheinbaum government) will continue to deepen the project and that will generate a more robust ecosystem, which in the last three years has made users realize that there are not only three networks, but more mobile operators,” commented Lerma Cotera.

Mobile Virtual Operators (MVNOs) have taken the mobile industry by storm with accelerated growth in the last two years, reaching 10.7% of market share, driven mainly by Walmart’s Bait. This has even caused large operators such as Telcel, AT&T and Telefónica to register losses of users in the recharge segment due to the fact that OMVs offer more affordable rates compared to traditional companies.

This situation has allowed Altán to increase its income, by becoming the wholesale company with the most MVNOs in its network to enable its connectivity services. In 2023, Red Compartida invoiced 6,000 million pesos and by the end of this year it is expected to double this amount, allowing an operational balance to be achieved towards the first quarter of 2025, the source with knowledge of the matter revealed to this medium.

But Altán considers that MVNOs can increase their market share if there is “an even table with the predominant one, that is, with América Móvil, which through Telcel is positioned as the main mobile player in terms of users and income.

“I think the conditions of the ecosystem today are stronger than three years ago. We still have more things to do but I am positive about the coming years,” said the CEO of Altán.