Maxcom continues steady growth

30 Oct 2006

Mexican alternative fixed line operator Maxcom said its number of fixed lines in service increased by 29% year-on-year to 256,328 in the three months ended 30 September 2006. 3Q06 revenues increased 46% to MXN458.2 million (USD42.6 million) and EBITDA grew 31% to reach MXN107.7 million. During the third quarter the monthly churn rate for voice lines remained steady at 1.6%. 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.

According to TeleGeography’s GlobalComms Database, Maxcom is preparing to launch the country’s first true triple-play service in March 2007. It already offers a package of telephony, broadband and cable TV in partnership with cable network operator Megacable, but is reportedly ‘at an advanced stage in creating its own TV platform’. The operator has received permission to enter the broadcast market from regulator Cofetel following the recent passing of legislation allowing telephony operators to enter the TV sector, and vice versa, for the first time.

Mexico, Maxcom