Carlos Slim's Telmex could offer pay TV this year if it gets the license

Carlos Slim's company assures that Telmex is perhaps the only telephone company in the world that does not offer pay TV, but they plan to enter the market as soon as the authorities give them the license.
Carlos Slim's Telmex could offer pay TV this year if it gets the license
Image credit: Depositphotos.com

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Entrepreneur Staff
3 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

The telephone company of Carlos Slim , the richest man in Mexico, has tried for years to enter the pay TV market and it is likely that this year it will succeed. Telmex executives hope to obtain a government license to offer the service soon.

Daniel Hajj , CEO of América Móvil , assured that perhaps Telmex is the only telephone company in the world that does not have pay television, something they hope to solve as soon as possible.

“I hope we can get it. For a long time the IFT (Federal Telecommunications Institute) has said that it is going to give us TV. I hope we can have TV on Telmex for this year. So, as we always said, maybe there is not in the world ... There is a company ... A telephone company that does not have pay television, ” said Hajj in a conference with analysts, as quoted by Forbes .

According to the company's financial report, sent to the Mexican Stock Exchange, between April and June 2021 América Móvil disconnected 204 thousand accesses from its platform, of which 165 thousand were fixed lines.

The document states that the company's service income decreased slightly by 0.4%. This is because voice revenues fell 5.3%, while broadband revenues increased 4.1%. On the other hand, corporate network revenues increased 1.6%, largely because streaming plans with Netflix , Disney + and HBO Max were very attractive to users.

Is it convenient for Telmex to offer pay TV?

The consulting and market research firm The CIU highlights that pay television was the only segment in the telecommunications market that reported an increase during the first quarter of 2021, with a growth of 8.6%.

In that period, pay TV and convergent services generated revenues of almost 30.7 billion Mexican pesos , says the consulting firm. This represents almost a quarter (24.6%) of the total income of the sector and an increase of 2,414.9 million pesos compared to the previous quarter.

Meanwhile, the landline phone market fell 535.9 million pesos

“The marked preference for contracting packages for fixed telephony, internet, pay TV, and even more recently for 'quadruple play' when adding cellular service, as in the cases of izzi mobile and Sky's Blue Telecomm Cel, boosted revenues. of the operators in this segment ” , detailed the company.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Make sure you’re covered for physical injuries or property damage at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur