Telmex Q1 profit jumps 9% on broadband boost

26 Apr 2007

Telmex has posted a better-than-expected 9% rise in first-quarter net profit to MXN8.78 billion (USD795 million), up from MXN8.04 billion a year earlier. Revenue increased 2.5% to MXN45.1 billion, thanks to a 13% growth in internet income. EBITDA fell 2.2% in the quarter to MXN19.5 billion. Telmex added 33,000 fixed lines in the first quarter, while net new broadband customers totalled 304,000, taking its total internet client base to 2.1 million, up 75% from March 2006.

Mexico, Telefonos de Mexico (Telmex)