Home News and publicationsNewsFinnfund and IDB Invest partner with Netwey to expand internet access in Mexico News|4 April 2025Finnfund and IDB Invest partner with Netwey to expand internet access in Mexico Finnfund closed a 5 million US dollar equity investment with Netwey, a Mexican Internet Service Provider, to expand its fiber optic network and improve internet accessibility. This investment aims to bring unlimited high-speed internet to more low-income households, bridging the digital divide. The investment is part of a 10 million US dollar equity round in collaboration with IDB Invest, a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. “We are excited to collaborate with IDB Invest to support Netwey in expanding its provision of high-speed internet to low-income areas in Mexico. At Finnfund, we continue to strengthen our focus on the digital sector and increasing digital accessibility is central in this regard. Moreover, this investment is our first digital sector investment in Latin America and therefore an important milestone,” says Fabian Cisar, Investment Manager, Finnfund. More than 21 million Mexican households in underserved areas lack adequate internet access, with many in lower socioeconomic tiers. Significant investments have been made in fiber optic infrastructure. However, these investments have been largely concentrated in high-income urban centers, leaving a significant part of the country underserved. The project aims to broaden Netwey’s fiber optic network, thus enabling more low-income households to access high-speed internet. Broadband services have a transformative impact on the economy and society. An increase in digital connectivity supports economic growth and facilitates inclusive access to critical services in finance, education and health, and provides possibilities for small businesses to connect with global value chains. The digital infrastructure and solutions sector is one of Finnfund’s key strategic priorities and most rapidly growing sector. More informationFabian Cisar, Investment Manager, Finnfund fabian.cisar@finnfund.fi, tel. +358 040 353 9811 Media contacts Terhi Elomaa, Communications Manager, Finnfund terhi.elomaa@finnfund.fi, tel. +358 40 194 0281 About Mexico The Mexican economy is the second largest in Latin America and among the most open economies globally. The country has become a major base for companies looking to export to the United States and Canada due to its comparatively lower labour costs and the USMCA free trade agreement it has with its two North American neighbours. In this regard, manufacturing plays a major role in Mexico’s economy, especially in the automotive, electronics, and consumer goods sectors. Moreover, Mexico is rich in natural resources as production of oil and industrial metals have played a critical role in the country’s growth over the past few decades. Key challenges which impact its investment climate include high income inequality and security and corruption risks from cartel activity. The current US administration’s trade policies have also been a source of uncertainty for Mexico in recent months as its economy is deeply integrated with the US, accounting for close to 80 percent of its exports. Type of Government Federal Republic Capital Mexico City Population 130, 301,391 GDP per capita (2024) USD 13,972 GDP Growth (2024) 1.5% Human Development Index Ranked 77/193 countries Kategoriat: NewsDigital infrastructure and solutions2025Latin America and the Caribbean Jaa: Link to Linkedin Link to Facebook Link to Twitter Link to Bluesky Latest news News and publications News 04 April 2025 Finnfund and IDB Invest partner with Netwey to expand internet access in Mexico Finnfund closed a 5 million US dollar equity investment with Netwey, a Mexican Internet… News 27 March 2025 Mountain Hazelnuts secures landmark international investment, strengthening Bhutan’s sustainable agriculture sector Mountain Hazelnuts , Bhutan’s first fully foreign direct investment (FDI) and a leading force… News 04 March 2025 Opportunities for impact investing in emerging markets 20 March in Helsinki Impact investment seminar for institutional investors Time: Thursday 20 March 9-12 (breakfast available from… News 03 March 2025 Finnfund’s follow-on investment to Fibertime Group advances digital inclusion in South Africa with the help of Nokia technology Finnfund has made a follow-on investment of 2 million euros to Fibertime Group enabling… News 11 February 2025 Heikki Cantell appointed as the new chair of the Finnfund Board of Directors Heikki Cantell, the General Counsel and Secretary General at the Nordic Investment Bank (NIB),… News 30 January 2025 Finnish investors support the electric vehicle business in India OP Finnfund Global Impact Fund I, the first Finnish global emerging markets impact fund,… News 29 January 2025 Finnfund boosts green and women-owned enterprises in Mongolia with an Investment in XacBank Finnfund invests in XacBank, one of the leading banks in Mongolia, to boost green… News 22 January 2025 Finnfund participates in a 200 million US dollar syndicated facility for Khan Bank to support green financing and MSME financial inclusion In a significant move towards sustainable development and economic empowerment, FMO, the Dutch entrepreneurial… News 20 December 2024 Finnfund’s website renewed Finnfund has renewed the company website. 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