Internet in Mexico is something relatively new, I recall 10 years ago we had dial-up, then a few years later ADSL went live and we had 256kbps, the ISP has been steadily increasing its capacity and plans, the lowest bandwidth plan is now 1mbps, I have installed in my home 2mbps adsl line with phone line which runs around 50dlls monthly.
Now talking about prices, according to OECD, Mexico has one of the most expensive internet services of its member countries, and as you can see they are right, 50 dollars for only 2mbps is practically unheard from any other country on the OECD, this is very much attributed to the phone company Telmex, which is currently one of the biggest monopolies in our country from one of the richest man in the world (Carlos Slim).
This has been changing a bit lately, a few months ago my speed boosted from 2mbps to 20mbps, wow!, 20mbps for 50dlls with phone line!, that is a game changer!, we practically went up to being competitive on the OECD tables, but of course I got disappointing a few days ago, speeds got back to 10mbps, then to 5mbps where they are actually, 5 mbps for 50 dollars is still one of the most expensive internet services according OECD.
All in all we know monopolies are detrimental to a free capitalist economy, and Mexico is really full of monopolies, raging from government held monopolies (some really silly like electricity generation), to private monopolies (Telmex), duopolis (Azteca TV, Televisa), even at municipal scale there are monopolies which really impact negatively like the local transportation, bus transportation in the city where I live is a concession from the government to a single group, now we have problems with a transport system that is inefficient, in bad conditions and expensive, corruption in Mexico really aggravates this problem, take for example local transportation, if another group wanted to enter the fray and offer better and cheaper services it would have to acquire a concession from the government, which will surely reject them, this happens at all levels, phone and ISP competitors arevery new thanks to Telmex colluding with the government to not let other companies enter, even now any new company to enter the telecommunications segment has it very hard.
In the end ranting is mostly the only thing we can do, as even trying to break monopolies by opening your own company is not possible in this country, fortunately there are still many other segments which are not occupied by monopolies and where entrepreneurs can get in a grow.