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General

Maxcom reduces net loss following sale of residential assets

Friday 20 October 2017 | 14:33 CET | News
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Mexican triple-play operator Maxcom Telecomunicaciones reported revenues of MXN 438 million in the third quarter of 2017, down 38.4 percent from a year earlier due to the sale of residential clients to Megacable last year and its decision to reduce participation in the international traffic business. EBITDA was MXN 74 million, down from a year earlier but 3 percent higher than the figure posted in Q2, while the margin was up 6 percentage points on a sequential basis to 17 percent. Maxcom's net losses improved to MXN 67 million from a negative MXN 197 million a year earlier, but capital

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Categories: General
Companies: Maxcom Telecomunicaciones / Megacable
Countries: Mexico
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