America Movil's (NYSE: AMX) pay-TV business continued to be a strong performer in the service provider's wireline portfolio, making up 44 percent of the 1.6 million new revenue generating units (RGUs) it gained in Q2 2013. At of the end of June it had a total of 66.8 million RGUs, up 9.1 percent year-over-year.
As of the end of the quarter, the service provider had a total of 18.2 million and 17.8 million wireline broadband and pay-TV subscribers, respectively, and a total of 30.7 million traditional wireline phone customers.
Similar to U.S.-based providers AT&T (NYSE: T) and Verizon (NYSE: VZ), both of which recently announced their Q2 earnings results, Amercia Movil reported that service bundles were a key factor of its wireline broadband and video service growth.
Sixty percent of the telco's net additions were triple-play packages, while 31 percent were double play. Only 9 percent subscribed to just one service.
On a regional basis, almost 70 percent of the new RGUs were from Brazil, which is its largest wireline market with a total of 30.8 million RGUs.
From an overall financial perspective, consolidated revenues were $1.56 billion U.S. dollars, while service revenues accounting were $1.36 billion.
In separate news, America Movil ended its relationship with Dutch incumbent telco KPN, but did not provide any specific details. Last year, Mexican-based provider acquired an almost 30 percent stake in KPN last year for around $11 per share. America Movil's move comes after KPN said it planned to sell its German-based subsidiary E-Plus, to Telefónica for $10.8 billion.
Shares of America Movil were listed at $21.44, down 16 cents, or 0.74 percent, in Monday morning trading on the NYSE.
For more:
- see the earnings release (.pdf)
- The New York Times has this article
Special Report: Wireline telecom earnings in the second quarter of 2013
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