Cablemás 1H profits fall but broadband offers hope for the future

17 Aug 2006

Mexico’s second-largest CATV operator Cablemás has posted a 37.7% fall in net profit for the first half of 2006, but reported strong growth in its broadband business. For the six months ended 30 June net profit was MXN63.5 million (USD5.9 million) on revenues of MXN1.08 billion, up 29.3% year-on-year; EBITDA rose 31.5% to MXN421.3 million. The number of high speed internet connections increased by 64.7% year-on-year to 143,828, compared to 87,336 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 June 2006 the venture had yielded Cablemás 15,316 VoIP customers.

Mexico, Cablemas (Izzi/Wizz)