Mexican operator Maxcom announced that it will no longer provide triple play services to its residential customers in the cities of Queretaro, Tehuacan and Puebla. The company reached an agreement with Megacable with the intention that this latter supplier continues providing the services to the customers of those cities. As compensation for this operation, Megacable will pay Maxcom the amount of USD 12.9 million.
In a press release, said that the agreement seeks to “ensure continuity in the supply of a utility of public interest such as telecommunications services, and to ensure that the customers continue receiving the services that were previously agreed with Maxcom”.
The company also said that the “transaction represents an important step in the implementation of the strategic plan, whose main focus is to expand the presence of the company in the commercial business”. Maxcom did not disclose the number of subscribes involved in the operation.
At the end of Q216, Maxcom reported more than 53,000 IPTV subscribers, 153,000 Internet clients and 159,000 telephony subscribers. In turn, Megacable is Mexico’s largest cable operator with more than 3 million video subscribers.