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General

Maxcom posts 40% sales decline in Q4, winds down residential unit

Friday 22 February 2019 | 11:48 CET | News
Mexican triple-play operator Maxcom Telecomunicaciones reported revenues of MXN 269 million in the fourth quarter of 2018, down 40 percent from a year earlier due above all to its plan to wind down its retail and wholesale segments to concentrate on its business unit, which now accounts for some 82 percent of sales. EBITDA for the quarter was MXN 21 million, down from MXN 87 million a year earlier, and the company posted a net loss of MXN 244 million in the October to December period compared to a loss of MXN 188 million in Q4 2017.

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Categories: General
Companies: Maxcom Telecomunicaciones
Countries: Mexico
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