Megacable adds 23,000 video subscribers in 3Q 2016Tuesday, October 25th, 2016
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 third quarter of 2016 (3Q16).
Video subscribers reached 3,029,891 in 3Q16, adding over 23 thousand net subscribers, or 0.8% more than the figure for 2Q16. In addition, the Company reported a 14.5% subscriber growth, or 383 thousand additional subscribers compared to 3Q15.
As a result of the economic contraction and subscriber disconnections resulting from the analog outage this segment experienced a slowdown, which affected growth levels, compared to those levels previously registered by the Company. As a result, we are currently implementing aggressive marketing campaigns, which are expected to have an impact for 4Q16.
XView service, our next generation interactive TV, was successfully launched in Guadalajara, Puebla, Zamora and Zacatecas in addition to the cities of Guanajuato and Queretaro, where we already offered this service. At the close of quarter 18 thousand subscribers have the service.
Digital subscribers registered net additions of 42 thousand, a 2% increase compared to 2Q16 and up 15%, or 286 thousand more subscribers compared to 3Q15.