América Móvil explores acquisition of Azteca Comunicaciones Colombia and Total Play Comunicaciones Colombia's telecom assets

América Móvil's Comcel subsidiary is making a targeted move to consolidate fiber optic infrastructure in Colombia, specifically exploring assets from two Grupo Salinas units. This exploration by América Móvil, a multinational telecom company operating across 23 countries, suggests an intent to expand its fixed-line and broadband footprint within Colombia. The focus on Azteca Comunicaciones Colombia and Total Play Comunicaciones Colombia's fiber optic networks indicates a strategic play for next-generation connectivity. América Móvil's Comcel subsidiary would gain established infrastructure, potentially accelerating its market penetration for internet, TV, and telephony services in Colombia. The undisclosed value, announced on 2026-03-13, points to an early stage in this potential acquisition. Grupo Salinas, a Mexican conglomerate with diverse interests including retail and financial services, appears to be divesting its Colombian telecom assets. Azteca Comunicaciones Colombia, a Bogotá-based subsidiary of Grupo Salinas, has successfully completed fiber optic network deployment, suggesting a mature asset ready for sale. Total Play Comunicaciones Colombia, also a Grupo Salinas unit based in Bogotá, focuses on operating fiber optic networks for internet, TV, and telephony services across Colombia. For América Móvil, a leading provider of mobile, fixed-line, broadband, and pay-TV services across the Americas and Europe, this acquisition would enhance its competitive position in Colombia. The deal suggests a strategic realignment for Grupo Salinas, potentially focusing on its core Mexican operations or other sectors like Elektra and Banco Azteca.