EconomyFinancialMegacable revenues close 2021 in record figures for a...

Megacable revenues close 2021 in record figures for a quarter

Megacable, the Guadalajara-based telecommunications company, posted record results during the fourth quarter of 2021, thanks to a larger subscriber base and better average revenue per user (ARPU).

In its financial report issued to the Mexican Stock Exchange (BMV), Megacable reported a net profit of 1,118 million pesos in the last quarter of 2021, which represents a growth of 22% compared to the same period last year. This result was driven by the growth obtained in its operating cash flow, as well as lower interest expenses and the foreign exchange profit recorded during the period.

In addition, from October to December of last year, the company chaired by Enrique Yamuni obtained an operating flow of 3,087 million pesos, which represents an increase of 12% compared to the same period of the previous year.

While the income of the telecommunications company was located at 6,473 million pesos, which means an increase of 12% and a record figure for the company in a quarter.

The mass segment grew 11.5% as a result of a higher number of subscribers and revenues from additional services. This result was driven by the 6% growth in subscribers compared to the fourth quarter of 2020 to reach nearly 4.2 million users.

It also specified that the internet service registered 324,000 net additions, reaching an increase of 9% compared to the same period of the previous year, while its telephony and video segment registered 404,000 and 127,000 net additions, increases of 15% and 4%. , respectively.

As of the fourth quarter of 2021, Megacable invested 3,164 million pesos, reaching an annual cumulative of 9,466 million pesos, which represents 38.4% of annual revenues and in line with the company’s expansion projects.

The company directed by Enrique Yamuni was declared last November by the Federal Telecommunications Institute with substantial power, or market concentration, in nine municipalities in the country, for which the company stated that it will challenge the resolution of the telecommunications regulatory body.

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