JOURNAL ARTICLE

US Telecom Aims to Use Fintech to Build Mexican Prepaid Market.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Stillman, Amy; Navarro, Andrea 3 of 3

Abstract

The article focuses on Oxio Inc.'s plan to expand mobile prepaid sales in Mexico by partnering with financial technology (fintech) companies following its consortium's $450 million acquisition of Telefonica Hispanoamerica SA, which includes Movistar Mexico. Oxio, a US-based technology service firm without physical telecom infrastructure, aims to target lower-income prepaid users by offering bundled services that integrate telecom and fintech products, competing with Wal-Mart de Mexico SAB’s mobile arm, Bait. The company intends to collaborate with existing network operators and leverage telecom data to create differentiated offerings, although specific partners and timelines remain undisclosed. The Mexican mobile market is currently dominated by billionaire Carlos Slim’s America Movil SAB, with Telefonica and AT&T seeking to exit the market. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193117764
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