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 Categories: NewsDigital infrastructure and solutions2025Latin America and the Caribbean Share: Link to Linkedin Link to Facebook Link to Twitter Link to Bluesky Latest news News and publications News 15 April 2026 Finnfund invests USD 15 million in Toucan Forestal to restore forests and advance nature‑positive impact in Panama Finnfund, the Finnish development financier and impact investor, has signed a 15 million US… News 08 April 2026 Finnfund makes its first investment in Kyrgyzstan with a 10 million US dollar loan to Bailyk Finance, one of Kyrgyzstan’s largest microfinance institutions Finnfund, the Finnish development financier and impact investor, has signed a 10 million US… News 16 March 2026 Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India’s retail green finance market Ecofy, a pioneering green NBFC backed by Eversource Capital, today announced the successful closure… News 05 March 2026 Finnfund’s Economist Tangeni Shatiwa: A weaker dollar is steering global investors toward emerging markets International investors are now allocating funds to emerging market (EM) assets at the fastest… News 23 February 2026 Finnfund’s Hanna Loikkanen: Impact investing captivates private investors The allure of impact investing among private investors is surging, with an increasing number… News 19 February 2026 Finnfund expands support for digital infrastructure and climate action in South Sudan with follow-on investment in CREI Finnfund, the Finnish development financier and impact investor, makes a follow-on investment in Communication… News 29 January 2026 Finnfund’s Uusihakala: “Fixed broadband is the key to tackling poverty in developing countries” The three digital divides The Coverage Gap refers to people living in areas without… News 28 January 2026 Finnfund strengthens support to women entrepreneurs in Pakistan through Kashf Foundation Finnfund has announced a follow-on loan of 10 million US dollars to Kashf Foundation… News 26 January 2026 Finnfund’s Jussi Tourunen: “Energy solutions impact our planet’s future—Planetary boundaries now guide investment decisions” Investing in energy has become an increasingly central theme for development finance institutions such… News 22 January 2026 Softlogic Life sets up growth roadmap with long-term capital from OP Finnfund Global Impact Fund I and Norfund Softlogic Life Insurance PLC, Sri Lanka’s leading life insurer, has secured a landmark 15… Scroll left Scroll right