The next two years could prove to be a huge boon for the towers industry in Mexico, as regulatory, economic and business environment factors contrive to create a perfect storm for investment in the country. It is one of the more attractive markets from a telecoms perspective as it is the second most populous country in Latin America, with a population of over 111mn. However, it records one of the lowest mobile penetration rates in the region at 92.1%, according to BMI data as of September 2013. While most other Latin American markets are well over 100%, growth in Mexico has been held back by the dominant presence of América Móvil.
Perfect storm for investment in Mexican towers
![mexico-market1.png](https://assets.euromoneydigital.com/dims4/default/666bb0d/2147483647/strip/true/crop/655x354+0+0/resize/840x454!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F83%2F0b%2F363cdc414d8084fd3c355d9fa10d%2Fmexico-market1.png)