Iusacell reports 27% revenue growth

30 Jul 2007

Mexican wireless network operator Iusacell has announced a 27% increase in 2Q revenues to MXP2.44 billion (USD222 million), while EBITDA rose 32% to MXP98 million, helping the company report a net income of MXP1.04 billion from a net loss of MXP899 million in the same period of 2006. Growth came mainly as a result of the incorporation of Unefon’s revenues into the consolidated numbers. At the end of June the merged company claimed 3.9 million subscribers.

Mexico, Iusacell (inc. Unefon), Unefon