Megacable adds 61k video subscribers in 1Q 2018Thursday, April 26th, 2018
GUADALAJARA, Jalisco, Mexico — Megacable Holdings S.A.B. de C.V. (“Megacable” or “the Company”)(BMV:MEGA.CPO) announced today its financial results for the first quarter of 2018 (1Q18).
At the close of 1Q18, the video segment reached 3,101,244 subscribers, a 6.6% growth or 193 thousand net adds, compared to 1Q17, continuing with the growth trend experienced during the last nine months of 2017. When compared to 4Q17, subscribers for this segment grew by 2.0% or 61 thousand net adds. This result was due to valuable commercial efforts aimed at healthier subscriber adds, as well as the continued improvement of the churn rate. At 4Q17, video subscribers were 3,040,278.
At the end of 1Q18, 81% of total subscriptions are digital, with over 4.7 million set up boxes (STB). Moreover, the Company reached 600 thousand HD service subscribers during 1Q18. Xview continues to experience growth, adding 79 thousand net subscribers in 1Q18 for a total of 249 thousand subscribers.