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FITCH RATINGS UPGRADES TOTAL PLAY'S RATING TO 'B', WITH STABLE OUTLOOK

FITCH ALSO RAISED TOTAL PLAY'S SENIOR SECURED NOTES RATING TO 'B', AND ITS SENIOR UNSECURED NOTES RATING TO 'CCC+', WITH STABLE OUTLOOK



Mexico City, December 17, 2025— Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today that Fitch Ratings upgraded Total Play’s rating to ‘B’ from ‘B-’ and also raised the rating of its Senior Secured Notes to ‘B’ with a recovery rating of ‘RR4’ from ‘B-’/‘RR4’. Fitch Ratings also upgraded the rating of its Senior Unsecured Notes to ‘CCC+’/RR6 from ‘CCC/RR6’. The outlook is stable.

Fitch Ratings indicates that the higher rating reflects an improved liquidity position for Total Play, supported by lower refinancing needs, along with positive expectations for cash flow generation over the next two to three years. The rating increase also considers the company's strong operating performance and significant market share.