European Investment Fund Ardian acquires 50% of MXT Holdings

This marks the first direct investment by Ardian, a global leader in infrastructure investment, in Mexico. “The telecommunications sector in Mexico offers opportunities for expansion and growth” highlighted Michael Obhof, Senior Infrastructure Managing Director at Ardian.

While major players in the sector are retreating, MXT Holdings continues to grow.

In fact, Ardian’s investment joins the support already provided by México Infrastructure Partners (MIP), further fueling the company’s growth. Ardian is one of the world’s most significant infrastructure investment funds.

Under the terms of the signed agreement, Ardian now controls 50% of MXT Holdings. Furthermore, the investment signals further growth potential. According to Michael Obhof, “MXT is well-positioned for significant expansion opportunities.”

“We are also grateful to partner with MIP, a prestigious asset manager with extensive local expertise and a deep understanding of this market.”

Almost simultaneously with Ardian’s entry, MXT Holdings acquired Centennial, a telecommunications infrastructure company. This acquisition raised MXT Holdings’ total number of towers in Mexico to 1,440.

Ardian’s outlook on the sector aligns the recent growth of the Mexican economy — 3.3% in 2023 and an estimated 1.2% in 2024, maintaining its position as Latin America’s second-largest economy — with the expanding middle class and the business opportunities MIP identifies in telecommunications, a key sector for developing countries.

Mario Gabriel Budebo, CEO of MIP, commented, “We are pleased to partner with Ardian Infrastructure, a globally recognized asset manager with an outstanding track record. Ardian’s understanding of the infrastructure sector, particularly the telecommunications industry, will contribute to a more ambitious business plan for MXT and take the company to the next level of growth”.