BID Invest has invested $5 million in Netwey to expand its fiber optic network and improve internet accessibility for low-income households in Mexico.

Information on Netwey

Netwey, founded in 2018, is a Mexican internet service provider focused on bridging the digital divide by offering prepaid internet services to vulnerable communities. The company aims to deliver high-quality internet access in rural and suburban areas, where it often serves as the sole provider. By enhancing connectivity, Netwey not only improves the quality of life for its users but also creates significant employment opportunities in low-income regions, frequently catering to local dialects to meet customer needs.

Industry Overview in Mexico

The digital landscape in Mexico is characterized by a stark contrast between urban and rural internet accessibility. Over 21 million households in marginalized areas lack adequate internet access, with many belonging to lower socioeconomic classes. This discrepancy highlights the urgent need for infrastructure investment focused on underserved regions. Although significant investments have been made in fiber optics, they predominantly target wealthier urban centers, leaving a substantial portion of the country without essential services.

High-speed broadband services are instrumental in transforming Mexico's economy and society. They facilitate increased productivity for businesses, improved public services, and empower individuals with know