Megacable adds 21k video subscribers in 2Q 2019

Monday, July 22nd, 2019 
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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 second quarter of 2019 (2Q19). Figures were prepared in accordance with International Financial Reporting Standards (IFRS). All figures are expressed in thousands of Mexican pesos (Ps.), unless otherwise indicated.

Video Subscribers

At the end of 2Q19, the Video segment reached 3,271,561 subscribers, a 2.0% increase, or 64 thousand net adds compared to 2Q18. When compared to 1Q19, subscribers for this segment grew by 21 thousand net adds.

At the close of June 2019, Xview increased by 117 thousand net adds, a record figure for a quarter, reaching 621 thousand subscribers, up 23.4% compared to 1Q19. The Company continues to increase the available content in the platform, as well as to maintain the highest level of customer satisfaction. 83% of total subscriptions is digitalized, through 4.8 million set-top boxes (STB).

Links: Megacable