Mexico: Telecom industry rose 11 percent in Q3

Fueled by growing adoption of mobile services and video services, Mexico's telecom sector grew 11 percent in Q3 2011 and 11.9 percent in the first nine months of 2011, reveals Mexican regulator Cofetel's Telecommunications Sector Production Index (ITEL) report.

Not surprisingly, the report revealed that while mobile voice subscriptions rose 8.8 percent in Q3 to 88.7 million users, wireline-based voice dropped 5.4 percent year-on-year during the quarter.

Two small bright spots in Mexico's wireline services market were international long distance services and video services. While national long-distance traffic was down 3.7 percent, international long-distance traffic increased 22 percent in Q3.

On the video side, cable TV subscribership grew 6.6 percent to 5.30 million total users as of the end of September, while DTH users saw the largest gain of 91.6 percent, to 3.8 million users.

For more:
- Telecompaper has this article

Related articles:
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Carlos Slim's telecom consolidation dream is within reach
America Movil begins acquisition process for Telmex, Carso Telecom
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