Starlink, the satellite internet service of billionaire Elon Musk, has secured a 1.56 billion peso (US$89.80 million) contract to offer free internet in Mexico until the end of 2026, a Mexican government official said on Wednesday, November 15th. Musk’s company won the contract as it offered the best prices in the public tender offer, Carlos […]
Fibra Next is Mexico’s largest local IPO since 2018
Fibra Next, which includes properties owned by Latin America’s largest real estate investment trust, is pushing ahead with plans for an initial public offering worth 15 billion pesos ($864 million), the biggest local IPO since 2018. The company aims to sell up to 277.8 million shares known as CBFIs in the offering scheduled for Nov. […]
Will Mexico issue new tax incentives to attract more companies for Nearshoring?
The tax incentives, which provide for tax deductions from 56% to 89% on investments made in 2023 and 2024, are intended for companies that are dedicated to both the production and export of 10 items. Mexico Offers Tax Incentives to Entice Nearshoring Investors Mexico is offering large tax breaks to a swath of industries in […]
Ericsson highlights Mexico’s advantages in telecommunications investment
Mexico has become one of the main countries for telecommunications companies to invest in the development of 3D experiences and digital platforms to broadcast musical and sporting events, as well as assist in remote medicine and the implementation of Industry 4.0, said Sebastián Barros, Commercial VP of Ericsson’s Global Customer Unit. “There are three industries […]