Cablemás 3Q broadband subs up, ARPU down

28 Nov 2006

Mexico’s second-largest CATV operator Cablemás has posted a 28.2% rise in net profit for third quarter of 2006, on the back of strong growth in its broadband business. For the three months ended 30 September net profit was MXN50.9 million (USD4.6 million) on revenues of MXN586 million, up 28% year-on-year; adjusted EBITDA rose 23.8% to MXN224.1 million. The number of high speed internet connections increased by 59.7% year-on-year to 159,732, compared to 100,023 a year earlier. The bulk of new subscribers signed up to lower speed connections, causing broadband ARPU to decline by 10.9% year-on-year to MXN197.8. 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 September 2006 the venture had yielded Cablemás 20,616 VoIP customers.

Mexico, Cablemas (Izzi/Wizz)