Maxcom losses narrow in 2009

25 Feb 2010

Mexican alternative operator Maxcom, the country’s third largest fixed line operator by subscribers, has released its financial results for its 2009 fiscal year, posting a net loss of MXN304 million (USD23.6 million), an improvement compared to the MXN438 million it reported for the same period a year earlier. For the twelve months ended 31 December 2009 Maxcom also revealed that revenue had fallen, down 4% year-on-year at MXN2.56 billion. Residential services contributed 35% of total revenue in full year 2009, the same as in 2008, although the actual figure was down 5% y-o-y at MXN223 million. Commercial services meanwhile accounted for 32% of total revenue (up from 30% in 2008), with public telephony and wholesale services counting for 18% and 14% respectively. ‘Other’ services generated less than just under 1%. The telco said that the main factors in the decline in revenue were a decrease in usage charges for local, mobile and long-distance and lower installation charges for the year. It did, however, note that these declines had been partially offset by an increased contribution from data and TV products.

At the end of 2009 Maxcom reported a total subscriber base for its fixed line voice service of 370,731, up 2% against the same date a year earlier.

Mexico, Maxcom