Megacable and Altán Redes amid Televisa’s proposed purchase of AT&T Mexico, Digi Mart USA News: Megacable, led by Enrique Yamuni, is not ruling out changes to its mobile phone strategy to concentrate more users on Altán Redes, amid the operation through which Televisa seeks to complete its purchase of AT&T in Mexico.
During a call with analysts, Raymundo Fernández, an executive at Megacable, explained that most of the company’s 845,000 mobile lines currently operate on Altán’s infrastructure, while another portion uses the AT&T network. The company could move more customers to the former during 2027, or it is even considering migrating all of its users to Altán Redes or establishing agreements with a third operator.
For now, Megacable seeks to maintain its commercial relationship with AT&T, although it acknowledges that the new scenario could lead it to make adjustments in the coming months. Notably, Megacable is also not ruling out taking advantage of sector consolidation to make acquisitions, and it keeps several alternatives open, from strengthening its fixed telecommunications business to repurchasing shares or increasing dividends, although it does not yet have a specific transaction to announce.
For now, mobile telephony will remain a complementary business for Megacable, which does not plan to devote large investments to that segment. Its priority will be to leverage the fixed infrastructure it built over recent years while defining the role Altán Redes will play in its growth strategy.
Separately, the company is also adjusting its workforce. Megacable reduced more than 2,600 jobs compared with the close of 2025 and ended September with approximately 31,700 employees.
The measure is part of a strategy to contain costs and improve productivity, which also includes automation and artificial intelligence.
The Chamber of Deputies is preparing to discuss the 2027 Federal Expenditure Budget this week, amid disputes among agencies and institutions over larger allocations. The proposal contemplates spending of more than 10 trillion pesos, of which around one trillion would go to social programs.
Legislators have until November 15 to approve it, although negotiations to modify the distribution of resources are anticipated.
One notable point is the budget of the National Electoral Institute (INE), for which 42,274.5 million pesos are proposed, in a year in which it must organize one of the largest electoral processes in its history. It remains to be seen whether the resignation of Guadalupe Taddei Zavala as president of the agency will affect negotiations, especially since in previous processes legislators did not approve the full amount requested by the INE.
For now, days of negotiations are expected in San Lázaro, though it is yet to be seen how much deputies will modify the Finance Ministry’s proposal.
Aida Caldera, head of the National Studies Division of the OECD’s Economics Department, met yesterday with María del Carmen Bonilla, Deputy Secretary of Finance at the Secretariat of Finance and Public Credit (SHCP). The meeting focused on two topics of interest to the Organisation for Economic Co-operation and Development: the federal government’s plans to obtain sustainable financing in a more demanding environment due to high international interest rates, and an assessment of public debt indicators.
Caldera said Mexico offers a valuable perspective for other emerging economies because of its efforts to incorporate sustainability criteria into public finances and debt management through the issuance of sovereign bonds aligned with the Sustainable Development Goals (SDGs). Bonilla explained that Mexico has worked with multilateral organizations, including the Inter-American Development Bank (IDB) and the World Bank, to obtain financing for projects of the current administration, including the Plan México.
She stated that the federal budget is fully aligned with the SDGs, which has contributed to the development of a sustainable debt market. Since 2020, thematic instrument issuances in the Mexican market have exceeded 91,000 million dollars.
