Unefon reports 2006 results

27 Feb 2007

Mexican mobile operator Unefon posted a profit of MXP248 million (USD22.4 million) in the full year 2006, down from MXP2.04 billion in 2005. Unefon did not provide an explanation for its 2006 profit decrease, but did say that net subscribers had dropped to 1.307 million in 2006 from 1.42 million in 2005. Revenues also declined to MXP3.64 billion compared to MXP4.17 billion. EBITDA dropped to MXP670 million from MXP1.13 billion. During 2006 the company expanded its network to include a total of 66 cities, an increase of 26 over the course of the year.

Mexico, Unefon