Megacable Holdings Sab De Cv Reports Earnings Results for the Third Quarter Ended September 30, 2019
October 23, 2019
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Megacable Holdings SAB de CV announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was MXN 5,405.385 million compared to MXN 4,850.966 million a year ago. Net income was MXN 993.929 million compared to MXN 1,110.286 million a year ago. For the nine months, sales was MXN 15,979.728 million compared to MXN 14,477.904 million a year ago. Net income was MXN 3,449.387 million compared to MXN 3,584.115 million a year ago.
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. 
