Telmex’s net income and revenue fell in second quarter | RCR Wireless

Telmex’s net income and revenue fell in second quarter

by Roberta Prescott

Net income for the second quarter at Mexican fixed line incumbent Telefonos de Mexico SAB fell 11.8% from the year-ago period. Telmex’s revenue also dropped 2.9% from the year-ago period to 27.614 billions pesos (US$ 2.357 billions).

From April to June 2011, earnings were 11.074 billion pesos before interest, tax, depreciation and amortization (EBITDA), representing a 2.5% year-on-year decline from 11.355 billion pesos a year earlier.

The carrier ended the quarter with a total of 12.354 million fixed line voice customers, down 1.9% from the previous year. Telmex said that it noticed a decrease in fixed-line penetration, though pointed to its 62.9% share of the market (77.7% if counted public fixed-lines, prepaid and those from Telmex Social). Broadband subscribers at the end of June 2011 totaled 7.7 million, up almost 10% from 6.954 million a year earlier.

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