Megacable will invest 250 million dollars to develop a telecommunications network in CDMX

Megacable Holdingsone of the three national cable companies in Mexico, announced an investment of 5,000 million pesos, 250 million dollars, to develop its own telecommunications network in Mexico City and conurbated Mexican municipalities, where it is already beginning to market its first offerings of telephony, video and Internet services, as well as products for corporations in the capital market.

The investment will be distributed between 2022 and 2024 to build 15,000 kilometers of fiber optic-based networks throughout the Mexico City.

To the date, Megacable it is about to reach the quota of 5,000 kilometers of lines built from the north-west of the city, from the Mexican municipalities of Atizapán and Tlanepantla and to the city halls of Azcapotzalco and Miguel Hidalgo, and from there to the rest of the other demarcations.

Megacable In this way, an effort was initiated to develop the business of the capital for its fixed telecommunications products aimed at the mass public, where the companies of Grupo Televisa and América Móvil dominate all segments.

The distance between Megacable y Televisa y Telmex it is too wide in the capital.

Data from Federal Telecommunications Institute (IFT) indicate that at the end of 2021 Grupo Televisa dominated the pay television business in the capital, with 1.81 million accesses, between cable and satellite subscriptions, while in the broadband Internet segment, Telmex wins the market with 41.49% of it, followed ten points further back by Televisa with its brand Izzi Telecom.

In fixed telephony, the market leader in Mexico City is Televisa with 1.71 million accesses or 38.4% of the business, while Telmex achieves 37.5% of the market for its 1.66 million fixed lines, between residential and corporate and before the recent disconnections that America Movil announced this week.

the same IFT informs in its reports that Megacable began the year 2022 with 11,200 Internet accesses in Mexico City, among which are its corporate subscribers and 294,000 fixed voice lines, which for the most part are served by its subsidiary MCM, hence the distance between Megacable y Televisa Group y America Movil.

Despite this x-ray, the directive of Megacable Holdings He said that his business projections promise that this company will achieve 25% of the business in Mexico City.

“The expansion is serious, it forces us to invest and now in Mexico City (…) Of some 22,000 employees that we had at the national level, we are going to 30,000 and we are already at 27,000 workers hired by the company,” he thus exemplified Enrique Yamuni, CEO of Megacable.

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