Maxcom Reports Results For The Third Quarter And Nine Months Of 2008Thursday, October 23rd, 2008
Pay TV number of RGUs reached 16,161. The Company recorded TV net adds of 4,944 in the quarter
MEXICO CITY — Maxcom Telecomunicaciones, S.A.B. de C.V. (“Maxcom”, or “the Company”) (NYSE: MXT) (BMV: MAXCOMCPO.MX), one of the leading integrated telecommunications companies in Mexico, today announced its unaudited financial and operating results for the quarter ended September 30, 2008.
Residential revenues represented 41% of the total during the third quarter, compared with 37% in the same quarter of 2007. Revenues in the residential business segment reached Ps. 292 million, an increase of 28% in comparison to Ps. 228 million in the third quarter of 2007.
The 28% increase in revenues is directly related to the 44% increase in RGUs and was mainly driven by:
- An increase in the number of mobile RGUs to reach 54,969, and an increase in the number of pay TV RGUs to reach 16,161. The Company continues to successfully up sell to its existing and new client base the products that were launched late September and December 2007 respectively;
- An increase in the number of data RGUs which increased by 109% to reach 25,783. Customers that had previously declined broadband are revisiting their decision once they have decided on a double play with pay TV; and,
- A 9% increase in voice RGUs (formerly voice lines in service) in the residential business segment to reach 237,486.
3Q08 3Q07 Î”% ------ ----- ---- TV 16,211 3,340 385%
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