Jaime Guillen, co-founder and partner at Mexico Infrastructure Partners (MIP), joins us to explain how the firm became the country’s largest infrastructure fund, the strategy behind its landmark Iberdrola acquisition, and where MIP is heading next, from energy and digital infrastructure to industrial real estate and international expansion. For a sector that usually works under the radar, this is a rare look at the decisions shaping Mexico’s power and infrastructure future.

We then turn to Bruce Boren, Partner at THR3 Media and former Televisa executive, producer of HBO’s hit Chespirito biopic. Bruce breaks down how the project came together, why it struck such a nerve, and what the looming Netflix and Paramount battle for Warner Bros. Discovery could mean for content creators in Mexico.

Before the interviews, Eduardo and I run through the week’s business and economic headlines. We look at the impact of the hike on tariffs on imports from non-FTA countries like China, the latest inflation data and what it may signal for Banxico’s next moves. Then we discuss Alsea, which continues to reshape its portfolio, now bringing Raising Cane’s, one of the fastest-growing QSR brands in the U.S., to Mexico. The move pairs with its 2026 Chipotle rollout and follows recent divestments in Chile and Spain.

Finally, we dig into the rising speculation around a potential AT&T México, Televisa and Izzi deal. If it happens, Televisa would take on many of AT&T’s challenges, including high spectrum costs, MVNO pressure and Telcel’s dominance, while gaining the scale of a national mobile operation along with the advantages of its broadband and cable network and the political muscle that comes with still being Mexico’s leading broadcaster.

Try Whitepaper 30 days free

Buy your Whitepaper merch here

MexMoves interviews Salvador Rivero, the new Country Head of Binance Mexico, who lays out what the world’s largest crypto exchange plans to do in the country. We also speak with US-Mexico policy expert Duncan Wood for his take on the USMCA hearings in Washington — what’s at stake and what 2026 US trade outcomes are realistic for Mexico. To kick off Eduardo and Damian as always dig into the main corporate and economic stories of the week. Grupo Bimbo turns 80 and opens its new museum in Mexico City, which leads us to a broader question: why has Mexico produced so few large new companies in recent decades? Many of today’s corporate giants trace their origins to the Porfiriato or the WWII industrial boom — and unlike in USA, Brazil, Argentina, not many newer firms have joined their ranks. Finally, we look at the 13% minimum-wage increase for 2026 and the government’s plan to cut the workweek from 48 to 40 hours by 2030. Great news for workers with formal jobs — but with informality already above 50%, critics warn that steep wage hikes and shorter hours could unintentionally curb formal hiring and push more firms into the gray economy.

Try Whitepaper 30 days free

Buy your Whitepaper merch here

Join us for a deep dive with Banco Azteca Chairman Alejandro Valenzuela on how Azteca really makes its money, why cash still refuses to die, and why a phygital model is the way forward for Mexican banks. Javier Treviño shares leadership lessons from his new book Silos, celos y círculos íntimos and what a more ethical, less “clubby” business culture in Mexico could look like. Eduardo and Damian break down the farmer and trucker highway blockades as corn prices, water rights and insecurity fuel nationwide protests; the details behind Fibra NEXT’s US$400m downsized follow-on; the US$100m wager on American football in Mexico under the NFL’s shadow; and the battle over credit and debit card related interchange-fees between the banks and authorities just as the government unveils the new financial inclusion strategy for 2025-2030.

Try Whitepaper 30 days free

Buy your Whitepaper merch here

Desteia’s Diego Solórzano explains how real, operator-focused AI tools can ease Mexico–U.S. logistics bottlenecks. Journalist Steve Fisher recounts the unlikely recovery of a gold mine in Sonora that many had written off, detailing the operational, financial, and human factors behind its revival. We discuss Mexico surpassing Canada as America’s top export market for the first time, driven by tighter USMCA rules of origin, China-related tariff pressure, and decades of integrated US/Mexico supply chains. We review Esentia Energy’s IPO, completed but priced below range as investors weighed its exposure to CFE and the shadow of Aeroméxico’s post-IPO weakness. We also cover ASUR’s acquisition of 20 airports across Brazil, Costa Rica, Ecuador and Curaçao; Tiendas 3B’s standout quarterly results; and rumors Grupo Salinas is selling Mazatlán FC, potentially opening the door for Atlante’s return to Liga MX.’

We talk with Neri Tollardo, Plata’s co-founder and CEO, to understand how the fintech rocketed from zero to more than two million users and a $3 billion valuation in just over two years. We also explore the pros and cons of Mexico City as a potential home for U.S. sports teams, the stakes behind Esentia’s planned gas-pipeline IPO as Mexico and the U.S. both benefit from the decade-long boom of gas imports Texas to Mexico, and how Kimberly-Clark’s acquisition of Kenvue (Tylenol, Listerine, etc.) could affect its separately listed and managed Mexican business.

Try Whitepaper 30 days free

Buy your Whitepaper merch here

Octavio Camarena, CEO of KIO, Mexico’s leading local data-center company, talks to us about the company’s ambitious expansion plans, power bottlenecks, and why a successful data-center build-out is relevant to Mexico’s AI competitiveness. Then French-owned Natixis explain their local asset-management push, driven by rising savings and pension assets. Eduardo and Damian analyze GAP’s purchase of CBX from its controlling shareholders and the move to internalize technical assistance; dilution now, potential gains later. They also cover ASUR’s bid for a South American airport bundle, and how Aeromexico priced its IPO despite tough U.S.–Mexico travel conditions. Finally, they dissect the current investment slump which suggests Plan Mexico is not working - and why U.S. business is pressing Mexico for clear, predictable investment and tax rules.

Prueba Whitepaper 30 días gratis

Compra tu gorra o ilustraciones de Whitepaper aquí

This week on MexMoves, Uber’s top Mexico executives break down their strategy and why the country has become one of Uber’s biggest global markets. Juan Guerra, CEO of Revolut Bank Mexico, discusses how the fintech will be adapting its European model to Mexico (ie, credit will be a bigger part of the story). We examine the U.S. route bans hitting Mexican airlines, the government’s controversial plan to slash credit card fees and impact on FinTechs, and the wildly divergent fortunes of Mercado Libre, Oxxo, and Walmex in 3Q25 amid a slowing consumer backdrop.

Try Whitepaper 30 days free

Buy your Whitepaper merch here

This week we interview Sebastián de Lara, Chief Regulation and Expansion Officer at Finsus, one of Mexico’s few profitable fintechs, to explore its path toward regulated scale. We then preview Aeroméxico’s upcoming IPO, highlighting its impressive post-COVID recovery powered by higher fares and sharp efficiency gains. In M&A, GE Vernova’s $5.3 billion purchase of Xignux’s remaining 50 percent stake in Prolec underscores investor appetite for electricity-infrastructure assets amid the AI-driven energy boom and highlights the valuation gap between Mexican industrials and U.S. buyers—echoing the Grupo Herdez joint-venture sale earlier this year. We also unpack Mexico’s insurance VAT truce, where firms like Qualitas and AXA avoid massive retroactive tax bills but accept higher costs from 2025 onward. Meanwhile, GM’s strong Q3 results show Mexico’s tariff exposure easing more than expected, though new investment flows are shifting north as the automaker doubles down on U.S. production. Finally, Revolut secures its long-awaited banking license in Mexico—after four years of waiting—and now faces the ultimate challenge: how to compete and profit in Latin America’s toughest fintech market without offering credit.

Try Whitepaper 30 days free

Buy your Whitepaper merch here