Netwey (Desallos GOPCA, S.A.P.I de C.V.)

In brief

IDB Invest and Finnfund have invested USD 5 million of equity with Netwey, a Mexican Internet Service Provider, to facilitate accessible internet through an expanded fibre optic network. This investment is designed to enable a larger number of low-income households to gain access to unlimited high-speed internet. The project aims to broaden Netwey's fibre optic network, thus enabling more low-income households to access high-speed internet. Broadband services have a transformative impact on the economy and society, providing numerous benefits ranging from more productive businesses and efficient public services to empowering individuals with knowledge and information.

Main development impact

Investment details

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.