América Móvil reached 22 million pay TV units in Q216

 

Telecommunications company America Móvil presented its earnings statement for the second quarter of 2016 in which it reported 22 million pay TV units in Latin America. The number of Pay TV units remained stable when compared to Q116, and grew 2.3% from a year earlier.

 

Brazil is América Móvil’s main pay TV market. In that country, Net’s subscriber base has been growing despite the crisis. However, the satellite service Claro HDTV, like other DTHs platforms, has been losing subscribers during the last months. Last May, Brazilian regulator Anatel reported that América Móvil group (Net+ Claro HDTV) had 9.82 million pay TV clients. In its Q216 report, AMX informed that pay TV revenues grew 4.4% in Brazil.

 

AMX does not break down the number of pay TV subscribers it has in the markets where it operates. The company’s second market in term of subscriber number is Colombia, where Claro leads among competitors like Une and DirecTV.

 

In Peru, pay TV revenue increased 14.6%. In Central America pay TV revenues exceeded by 8.3% those of 2015. In that region, pay TV units were up 5.7% and in the Caribbean pay TV units grew 18.5%.

 

In its consolidated results, the Group reported net profit of MX$ 7.7 billion (USD 409 million), down 45.2% from the year before. Revenues rose 6.1% from the year-earlier quarter to MX$233 billion (USD12.36 billion).