MEXICO CITY, Oct. 27 /PRNewswire-FirstCall/ -- Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom", or "the Company") (BMV: MAXCOM CPO), one of the leading integrated telecommunications companies in Mexico, today announced its unaudited financial and operating results for the quarter ended September 30, 2009.
NOTE: The monetary amounts presented in these tables have been prepared in accordance with Mexican Financial Reporting Standards ("NIF" or "Mexican GAAP"). Figures are expressed in millions of current Mexican Pesos.
Results | Third Quarter 2009 Financial Highlights:
* Third quarter 2009 revenues reached Ps. 649 million; sequentially and in comparison to the second quarter revenue increased by 1%.
* EBITDA increased sequentially by 1% to reach Ps. 163 million in the third quarter in comparison to Ps. 161 million the second quarter of 2009.
* EBITDA margin remained at 25% during this reporting quarter, the same as the second quarter of 2009.
vs. 3Q09 Change % Change % Million Pesos 3Q09 2Q09 3Q08 2Q09 3Q08 YTD09 YTD08 Revenues 649 645 717 1% (10%) 1,931 2,011 (4%) EBITDA 163 161 222 1% (27%) 474 618 (23%) EBITDA Margin 25% 25% 31% 25% 31% Adj. EBITDA 163 162 223 1% (27%) 477 625 (24%) Adj. EBITDA Margin 25% 25% 31% 25% 31% Net Income (148) (64) 10 N.A. N.A. (327) 30 N.A. Operating Highlights:
* Total company Revenue Generating Units, or RGUs, increased 7% to 507,415 in the third quarter of 2009 compared to the same period last year. The Company recorded RGU net adds of 21,502 in the quarter.
* Total company customer base increased by 4% sequentially from the second quarter to reach 224,779 customers.
* When compared to the same period last year, voice RGUs (formerly voice lines in service) decreased by 2% to reach 367,379. Sequentially, voice RGUs increased 2%. Voice RGUs include residential voice, commercial voice, public telephony lines and wholesale lines.
* Data residential RGUs increased by 111% to 54,452 in comparison to 25,783 the third quarter of 2008. The sequential growth was 23%.
* The number of coin operated public phones reached 41,227 an increase of 23% in comparison to those in the third quarter of 2008.
* The total mobile RGU base reached 55,706 units which is roughly the same number registered in 2008.
* Pay TV number of RGUs reached 26,523 units which are 64% higher than the number registered in 2008. The sequential growth was 19%.
* Residential RGU per customer increased from 1.5 in the third quarter of 2008 to 1.6 in the third quarter of 2009.
* Commercial RGU per customer increased from 14.9 in the third quarter of 2008 to 17.1 in the third quarter of 2009.
Operating Results 3Q09 3Q08 Change % Residential Customers 220,094 228,984 (4%) Voice* 213,728 223,709 (4%) Data 50,288 22,399 125% Mobile 47,375 52,535 (10%) TV 26,523 16,211 64% Residential RGUs 360,308 334,399 8% Voice* 224,010 237,486 (6%) Data 54,452 25,783 111% Mobile 55,323 54,969 1% TV 26,523 16,161 64% RGU per Residential Customer 1.6 1.5 Commercial Customers 4,642 5,629 (18%) Voice 4,367 5,385 (19%) Data 1,393 1,408 (1%) Mobile 50 101 (50%) Other 188 165 14% Commercial RGUs 79,150 83,786 (6%) Voice 75,412 79,674 (5%) Data 2,893 3,006 (4%) Mobile 383 756 (49%) Other 462 350 32% RGU per Commercial Customer 17.1 14.9 Public Telephony RGUs 41,227 33,551 23% Wholesale RGUs 26,730 24,480 9% Total RGUs 507,415 476,216 7% Voice RGUs (voice lines in service) 367,379 375,191 (2%) Total Number of Customers 224,779 234,670 (4%)
*In the third quarter of 2008 the Company agreed to sell its share in approximately 10,000 subscribers of our Toluca and Queretaro operations for voice termination back to Megacable for approximately Ps. 26 million as part of the original triple play agreement signed in 2005. Megacable and Maxcom mutually agreed to terminate the strategic alliance during the third quarter of 2008 and the transfer of subscribers did not take place until the fourth quarter of 2008.
For a complete version of this press release, including financials, please visit the investor relations section of the company's website http://www.maxcom.com/ .
About MAXCOM
MAXCOM Telecomunicaciones, S.A.B. de C.V., headquartered in Mexico City, Mexico, is a facilities-based telecommunications provider using a "smart- build" approach to deliver last-mile connectivity to micro, small and medium- sized businesses and residential customers in the Mexican territory. MAXCOM launched commercial operations in May 1999 and is currently offering local, long distance, data, value-added, paid TV and IP-based services on a full basis in greater metropolitan Mexico City, Puebla, Tehuacan, San Luis, and Queretaro, and on a selected basis in several cities in Mexico. The information contained in this press release is the exclusive responsibility of MAXCOM Telecomunicaciones, S.A.B. de C.V. and has not been reviewed by the Mexican National Banking and Securities Commission (CNBV) or any other authority. The registration of the securities described in this press release before the National Registry of Securities (Registro Nacional de Valores) held by the CNBV, shall it be the case, does not imply a certification of the investment quality of the securities or of MAXCOM's solvency. The trading of these securities by an investor will be made under such investor's own responsibility.
This document may include forward-looking statements that involve risks and uncertainties that are detailed from time to time in the U.S. Securities and Exchange Commission filings of the Company. Words such as "estimate," "project," "plan," "believe," "expect," "anticipate," "intend," and similar expressions may identify such forward-looking statements. The Company wants to caution readers that any forward-looking statements in this document or made by the company's management involves risks and uncertainties that may change based on various important factors not under the Company's control. These forward-looking statements represent the Company's judgment as of the date of this document. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
Maxcom Telecomunicaciones, S.A.B. de C.V.
CONTACT: Juan-Carlos Sotomayor, Maxcom Telecomunicaciones, Mexico City,
Mexico, +011-5255-4770-1170, juan.sotomayor@maxcom.com
Web site: http://www.maxcom.com/
