Telmex net profit, revenues drop in Q2

Mexican incumbent Telmex (Telefonos de Mexico) (NYSE: TMX) saw its second quarter earnings report reflect the continuing downward spiral of traditional fixed wireline voice profits. Net income fell 11.8 percent to MXN 3.15 billion (USD 270.8 million), with overall voice revenue dropping 7.9 percent. Total revenue fell 2.9 percent to MXN 27.61 billion (USD 2.32 billion).

As is the story with most wireline providers, data revenue services was a bright spot, climbing 5.4 percent to MXN 8.71 billion (USD  694 million). At the end of the second quarter, Telmex had 7.7 million broadband subscribers, up 10 percent from the same period a year ago.

Wireline voice customer numbers fell 1.9 percent year over year to 12.35 million lines. The number excludes 1.4 million lines located in rural areas, which are served by Telmex Social, as well as 696,000 public telephony lines and 784,000 prepaid lines.

For more:
- Telegeography has this article
- Dow Jones via Total Telecom has this article

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