Cablemás profits fall but broadband offers hope for the future

12 Apr 2006

Mexico’s second-largest CATV operator Cablemás has posted a 26% fall in net profit for 2005, but reported strong growth in its broadband business. The number of high speed internet connections increased by 78.8% in 2005 to 114,088, compared to 63,792 a year earlier. In May 2005 Cablemás signed a deal with long-distance telco and broadband provider Axtel to market triple-play TV, telephony and internet services in the cities where the two companies’ networks overlap; by the end of the year the venture had yielded Cablemás 3,246 VoIP customers. For the year ending 31 December 2005 net profit was MXP78.3 million (USD7.09 million) on revenues of MXP1.724 billion, up 15% year-on-year.

Mexico, Axtel