Business · Companies · 2 hrs ago
Brazilian Firms Expand in Mexico as América Móvil Reaches 89.6 Million Users in Brazil
A 2026 ranking of Mexico’s largest companies highlights five Brazilian firms with sizeable Mexican operations.
They are Nu México, Braskem Idesa, Natura México, Tupy México and Smart Fit México.
Their businesses range from digital banking and gyms to chemicals, beauty products and auto parts.
Smart Fit had the largest workforce among the five, with 4,807 employees in Mexico at the end of 2025.
The story also points to Carlos Slim’s América Móvil in Brazil, where it operates as Claro and offers mobile, internet, television and business services.
Brazil is América Móvil’s second-largest market after Mexico, and it had 89.6 million mobile users there at the end of 2025.
The figures show the scale of business links between the two countries, but no future plans are given.
Five Brazilian companies ranked among Mexico’s largest businesses in Expansión’s 2026 ranking.
Nu México reported net revenue of 18,193 million pesos in 2025, while Smart Fit México reported 5,344.5 million pesos.
América Móvil operates in Brazil under the Claro brand, offering mobile, broadband, pay-TV and business services.
At the end of 2025, América Móvil had 89.6 million mobile users in Brazil and nearly 22 million fixed-service revenue-generating units.
- Who
- Brazilian companies including Nu, Braskem Idesa, Natura, Tupy and Smart Fit, and Mexican company América Móvil.
- What
- Brazilian companies have substantial operations in Mexico, while América Móvil operates in Brazil.
- When
- The figures cited are mainly for 2025; the article was published on October 27, 2026.
- Where
- Mexico and Brazil.
- Why
- Not stated.
This story does not have two clearly opposing sides.
The five companies’ Mexican operations reported revenue and employment figures for the year.
América Móvil reported 89.6 million mobile users and nearly 22 million fixed-service revenue-generating units in Brazil.
Expansión MX published its account of the companies’ operations.
- Brazilian companies in Mexico
- Five featured in Expansión’s 2026 ranking of Mexico’s 500 largest companies
- Nu México revenue
- 18,193 million pesos in 2025
- Smart Fit México employees
- 4,807 at the end of 2025
- América Móvil mobile users in Brazil
- 89.6 million at the end of 2025
- América Móvil fixed-service units in Brazil
- Nearly 22 million at the end of 2025