Megacable Holdings, S. A. B. de C. V. Provides Earnings Guidance for the Year 2018
July 24, 2018 at 03:04 pm EDT
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Megacable Holdings, S. A. B. de C. V. provided earnings guidance for the year 2018. The company announced an update to the estimated growth figures of the Company for the end of 2018, due to the strong results Megacable has registered in the first half of the year. Estimated growth for video subscribers its 6% to 7% when compared to 2017, broadband subscribers' guidance remain unchanged at 15% to 17%, while telephony its expected to increase 18% to 20%. As a result of the above, RGUs are expected to grow between 12% and 13%. Regarding revenues, the Company expects a 12% to 13% increase in the consolidated figure; while consolidated EBITDA should increase 15% to 17% on comparable basis. Finally, CAPEX should reach approximately USD 300 million in 2018.
Megacable Holdings SAB de CV is a Mexico-based company principally engaged in the provision of cable service. The Companyâs activities are structured in five segments: Cable Network, Internet, Telephone, Business and Other. The Cable Network division distributes television (TV) broadcasting programs via cable. The Internet division provides Internet services to individual and corporate customers. The Telephone delivers fixed-line communication services to individual and corporate customers. The Business division focuses on designing and developing information technology (IT) infrastructure and equipment for business customers. The Other division mainly includes selling of advertising time, producing TV programs and other network services. The Company operates under various brand names, such as Megacable and Metrocarrier. It operates through Acotel SA de CV, Giga Cable SA de CV and Grupo Lipsio SAPI de CV, among others.
MEGACABLE HOLDINGS, S. A. B. DE C. V. 
