Maxcom lines up 26% in 1Q

8 May 2006

Mexican fixed line operator Maxcom said its number of fixed lines in service increased by 26% to 222,240 in the first three months of 2006. During the first quarter of the year, the monthly churn rate for voice lines was reduced to 1.6%, from 1.9% in 1Q05. 1Q06 revenues increased 28% year-on-year to MXN324 million (USD29.6 million) and EBITDA grew 51% to reach MXN90.4 million. In March Maxcom agreed to acquire long-distance carrier Grupo Telereunin, which operates 480km of fibre-optic rings and 4,300km of national backbone with a border crossing into McAllen, Texas.

Mexico, Maxcom