Cablemás 2Q07 Net Revenue and Adjusted EBITDA Up 14.4% and 18.6% YoY

Friday, August 31st, 2007
|

MÉXICO D.F., — Cablemás, S.A. de C.V., (Cablemás), the second-largest cable television operator in Mexico based on number of subscribers and homes passed, today announced results for the three-month period ending June 30, 2007.

Cable Television: The 9.7% growth in cable television revenues, from Ps.454.9 to Ps.498.9 was principally due to a 14.6% YoY increase in the number of subscribers to 753,161 with a penetration rate of 34%. This was achieved despite a 6.5% decline in average monthly cable television revenues per subscriber (ARPU) to Ps.223.3. This decline in ARPU was primarily the result of a 35.6% increase in Minibasic subscribers, who pay lower monthly fees, while Basic subscribers increased 7.7%. The average monthly net churn rates for cable television increased to 2.4% for 2Q07 from 2.2% in 2Q06.

Table: Number of Subscribers per Service Offering
  2Q06 2Q07 % Chg. in Subscribers
Minibasic 158,373 214,766 35.6%
Basic(1) 484,151 521,271 7.7%
Superbasic(1) 44,927 44,049 -2.0%
Premium(1) 27,620 29,194 5.7%
Hotel 14,620 17,124 17.1%
Total Cable Television 657,144 753,161 14.6%
(1) The number and percentage of Basic subscribers includes Basic, Superbasic and Premium subscribers due to the fact that all Superbasic and Premium subscribers must also be Basic subscribers.

Links: Earnings Release (pdf)