Trio of telcos report quarterlies

25 Jul 2008

Three of Mexico’s telecoms operators have reported second quarter results today. Fixed line telco Axtel posted a 38% rise in net profit to MXN240 million (USD23 million) for the three months ended 30 June 2008, up from MXN174 million a year ago. Revenue fell 6% to MXN2.93 billion. Axtel claimed 972,000 lines in service at the end of June, an increase of 128,200 year-on-year, of which 67% were residential. Internet subscribers totalled 112,000, of which 86,600 were broadband.

Rival fixed line operator Maxcom, meanwhile announced that second quarter revenues rose by 16% to MXN670 million while EBITDA climbed 26% to MXN204 million. Net income rose from MXN200,000 to MXN11 million. The company claimed a total customer base of 230,498 at the end of June and total revenue generating units (or RGUs) of 439,407.

Wireless network operator Grupo Iusacell meanwhile reported a 6% increase in revenue to MXN2.66 billion and a 9% rise in EBITDA to MXN460 million. The growth was a result of higher incoming roaming revenues, long-distance calling and data usage on its CDMA2000 1xEV-DO network. The company recorded a net loss of MXN228 million versus a profit of MXN141 million a year earlier, as a result of one-off extraordinary gains of MXN659 million in 2007.

At the end of June Iusacell claimed 4.05 million subscribers, of which 73.4% were pre-paid, down four percentage points on the second quarter of 2007 on the back of efforts to focus on the more lucrative contract customer.

Mexico, Axtel, Iusacell (inc. Unefon), Maxcom