The financial situation of Altán Redes has already taken its toll on Sky, a satellite television company subsidiary of Grupo Televisa . In the latest financial report of the company, Luis Malvido, CEO of Sky Mexico, said that the satellite television company has reported a slowdown in its broadband additions due to the delay in coverage of Altán Redes.
This situation, explains the manager, has prevented Sky from offering its broadband service in other parts of the country, and it has also had to increase its prices because the Red Compartida company increased its costs for using its network.
In the first quarter of 2022, Sky reported a loss of 8,000 broadband subscriptions to close with 719,223 users in this segment.
“In broadband we have seen a slowdown in additions due to several factors: a delay in expanding Altan’s coverage, signs of network saturation in certain areas, both factors due to Altán’s financial difficulties. Thirdly, an increase in the price of broadband that we implemented in February, passing through a wholesale price increase imposed by Altán”, Malvido detailed in a conference with analysts.
However, the manager is confident that Altan Redes will resolve its financial problems and start investing again in the second half of the year.
The company chaired by Salvador Álvarez is in bankruptcy proceedings to restructure the debt it has with its more than 70 creditors in order to continue with its social coverage project through Red Compartida.
In 2018, Grupo Televisa decided to use the Red Compartida to improve its Sky packages through a residential or mobile internet offer. In addition, the Virtual Mobile Operator (OMV), Izzi Móvil, also uses the infrastructure of Altán Redes to offer mobile telephony services.
Luis Malvido announced that Sky is developing a plan to improve its products, customer experience and sales capacity to protect its subscriber base in the face of an increasingly competitive landscape in the sector. Its new strategy estimates to launch it in the coming quarters.
