IFT: Telecom prices continue to fall despite inflation

Federal Institute of Communications (IFT) reported that even under a high inflation scenario, telecommunications prices declined by 28.7 percent.

When publishing information about Fixed and mobile communication services At the end of 2021, the Institute indicated that from June 2013 to May of this year, the rate in Communication price index (IPCOM) was much lower than National consumer price index (INPC), which increased by 48.1 percent over the same period.

“This is relevant given the context of generalized inflation that has been observed since 2020 at the national level,” he said.

Concerning Gross domestic product of telecommunications and broadcastingsaid this represents a 3.3 percent increase in national GDP, which is among the 10 sub-sectors that contribute the most to the country’s growth.

Concerning Direct foreign investment (IED) reported that in the telecommunications sector, this amounted to $364 million, equivalent to 1.2 percent of Mexico’s total FDI this year.

“This is relevant in the context of generalized inflation” Photo: Special

He stressed that the largest attraction of foreign investment occurred in the second quarter of 2021 – $242.6 million.

telecommunications data

In terms of real annual income, he pointed out that operators offering telecommunications services amounted to 404.1 billion pesos in constant prices in 2021, which is equivalent to an annual decrease of 5.8 percent compared to 2020.

In terms of earnings as a percentage of revenue, it was found that from December 2020 to December 2021, it grew by 10.3 percentage points per year, the largest annual increase on record.

In terms of constant price revenues of the main fixed-line operators in 2013, he noted that they decreased by 8.7 percent, while the revenues of the largest operators in terms of lines providing mobile services decreased by 2.4 percent.

dfm

Source: Heraldo De Mexico

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest