Megacable adds 6k video subscribers in 3Q 2019

Thursday, October 24th, 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 third quarter of 2019 (3Q19). 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 close of 3Q19, the Video segment reached 3,223,620 subscribers, a 1.4% increase, or 44 thousand net adds compared to 3Q18. When compared to 2Q19, subscribers for this segment grew by 6 thousand net adds. At the close of September 2019, Xview increased by 95 thousand net adds, reaching 716 thousand subscribers, an increase of 15.3% compared to 2Q19. The objective continues to be making the platform available to all subscribers. As such, the Company continues to experience outstanding usage levels and customer satisfaction. During the quarter, the Company registered 109 thousand net adds with HD service, reaching 911 thousand. 83% of total subscriptions is digitalized, through 4.8 million set-top boxes (STB).

Links: Megacable