TotalPlay, a privately owned Mexican telecommunications company founded in 2010, provides pay television, internet, and fixed-line telephony services primarily through fiber optic infrastructure. As of 2023, the company employed approximately 7,910 people and generated revenue exceeding $1 billion. Its headquarters are located in Mexico.
Total Play Telecomunicaciones S.A.P.I. de C.V. reported a 6% increase in EBITDA to Ps. 5399 million in the second quarter of 2025, compared to Ps. 5095 million in the same period of 2024. Fitch Ratings upgraded Total Play's Long-Term Foreign and Local Currency Issuer Default Ratings to 'B-' from 'CCC+' and upgraded the company's senior secured notes to 'B-' with a Recovery Rating of 'RR4' from 'CCC+'/'RR4'. These upgrades reflect improvements in Total Play's liquidity position, supported by positive free cash flow generation in 2024 and a reduction in refinancing needs. Fitch Ratings also assigned a 'B-' rating with a Recovery Rating of 'RR4' to Total Play's new senior secured senior notes due in 2032, for an amount of up to $870 million. Ricardo Salinas, who manages Total Play, also invests in Bitcoin and gold.
TotalPlay offers 3 products in the media and telecoms services industry. TotalPlay's product portfolio comprises of media and TV services and telecoms services.
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TotalPlay's revenues were over $1B in 2024. Caretta Research has split TotalPlay's revenue into 3 different product categories, the largest of which is enterprise broadband and voice. For full access to TotalPlay's revenue breakdown subscribe to Caretta Portal.
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