Business UpdateJul 14, 2026, 10:44 PM
Veea Subsidiary Begins Revenue Generation with Telcel in Mexico
AI Summary
Veea's wholly owned subsidiary, VeeaSystems Mexico, has begun generating revenue as Telcel initiates billing for its Internet Gestionado service, powered by Veea SecureConnectTM. The service, commercially launched in March 2026, provides 5G fixed wireless access with AI-driven cybersecurity to Mexican SMBs. Billing was previously delayed due to Telcel's back-office transition, which is now complete, allowing for the closure of pending sales and future sales ramp-up.
Key Highlights
- VeeaSystems Mexico began generating revenue as Telcel initiated billing for Internet Gestionado.
- Internet Gestionado, powered by Veea SecureConnect, commercially launched in March 2026.
- Billing commenced after Telcel completed a major back-office operations transition.
- Veea and América Móvil (Telcel's parent) executed a supply agreement in August 2025.
- 5,000 SecureConnect units, including 4,000 with 5G, are expected in Mexico by early September.
- Mexican businesses faced 58.1 billion attempted cyberattacks in 2025, highlighting market need.
Price Impact
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