Megacable Holdings, S. A. B. de C. V. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 28, 2023 at 08:08 am EDT
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Megacable Holdings, S. A. B. de C. V. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was MXN 7,152.19 million compared to MXN 6,562.43 million a year ago. Net income was MXN 796.61 million compared to MXN 1,169.92 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. 
