Telecoms sector grows by 22.3%

1 Sep 2004

According to Mexican regulator Cofetel, the telecoms market grew by 22.3% in the year to the end of June 2004, the fastest rate of growth since the end of 2000 when it saw an increase of 25.4%. The regulator attributed the rise to recent improvements in the economic environment and attractive rates packages. At the end of the second quarter, there were 33.3 million mobile users in Mexico, a mobile penetration rate of 32%, while fixed line customers stood at around 17 million, a teledensity of 16.4%.