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Friday, July 23, 2021

Megacable registered revenues for US$ 303 million in Q2

The Megacable Group reported revenues of US $ 303 million in Q2, representing an 11% growth compared to the same period last year.

The result responded to the fact that the mass segment registered a 12% increase compared to the previous year, generated by a greater number of unique subscribers and rate increases. Revenues from the business sector also grew 6%.

The three mass market segments grew during the quarter; video registered 21,000 net additions compared to Q1, while Internet and telephony registered 58,000 and 78,000 net additions, respectively.

EBITDA reached US$ 150 million, an 11% increase compared to the same period in 2020.

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