MEXICO CITY (Reuters) – Starlink, the satellite internet service of billionaire Elon Musk’s rocket manufacturer SpaceX, has been awarded a tender from Mexico’s state energy firm, Comision Federal de Electricidad (CFE), to provide services until December 2026, as per documents obtained by Reuters on Monday.
The contract, valued between 887.5 million pesos ($51 million) and 1.8 billion pesos ($101 million), was granted to Starlink due to its competitive pricing, surpassing the bids of two other companies, according to the CFE decision.
According to a draft contract from CFE, the agreement will facilitate the development of internet access infrastructure in rural areas of Mexico.
The contract, as specified in the draft document, is effective from last month and will continue until December 31, 2026.
Both CFE and a legal representative for Starlink have not yet responded to requests for comments regarding the contract’s commencement and the status of Starlink’s other ongoing tender offers.
The current exchange rate is 1 US dollar equal to 17.5164 Mexican pesos.
Adriana Barrera, reporting from Mexico City, contributed to this article. It was written by Kylie Madry and edited by Matthew Lewis.
