Megacable unlikely to launch mobile voice before early 2011

29 Jul 2010

Mexican cableco Megacable has revealed that it may delay its launch of mobile voice services until early 2011 having not yet signed a deal with a partner for the introduction of such services. According to Reuters, Megacable CEO Enrique Yamuni had previously suggested in May 2010 that the cableco would link up with Telefonica with a view to inaugurating mobile services by the third quarter of 2010, but it has been revealed that no concrete arrangement between Megacable and Telefonica has been reached yet. It is understood that negotiations between the two companies are still ongoing, although it has also been suggested that the former could still consider a tie-up with Mexican broadcast giant Televisa.

In separate but related news, the Wall Street Journal reports that Megacable may consider the acquisition of more cable operators, with Grupo Hevi and Cablecom having previously been named as potential targets. ‘We are always looking for acquisition opportunities. Unfortunately there aren’t very many out there other than the two companies we always mention,’ Mr Yamuni noted during a conference call this week, adding, ‘Those companies haven’t expressed their desire to sell or consolidate yet … We are alert to any sign they will probably sell.’ Megacable closed its most recent acquisition last month, when it purchased Grupo Omnicable and its 61,000 subscribers in three states for approximately MXN550 million (USD43.4 million).