Mexican fixed-line telecoms giant Telmex (NYSE: TMX) is investing in upgrading its network to fiber in different parts of the country, with speeds up to 20 Mbps, and will continue to invest as demand dictates, company CFO Carlos Robles said during a conference call with investors.
?We are making investments in different areas of the country, areas which we think are most suitable for those types of speeds because they have applications and uses for them,? Robles said.
?These are speeds of up to 20 Mbps, which by any references in the market are interesting for our customers.?
Asked when the company might start offering speeds of up to 50 Mbps, Robles said: ?Once the market is ready for speeds higher than 20 Mbps, we?ll launch those products.?
The executive said Telmex ended the third quarter with 7.8mn broadband customers, up 9% from the year-ago period. Robles would not say how many of those customers have speeds of 20 Mbps.
Telmex provides broadband through its Infinitum service, packaged with unlimited domestic and long distance voice calls. Customers of those services will be the first to benefit from the fiber-to-the-home upgrades.
Robles said the current offer by parent company Am?rica M?vil (NYSE: AMX) to buy the 40% of Telmex it does not already own would not affect the planned fiber investments.
In the third quarter, Telmex saw profits fall 3.8% to 3.59bn pesos (US$268mn), and sales slipped 2.9% to 27.8bn pesos, as the company has suffered from being unable to offer broadcast TV ? and hence triple play services ? due to licensing restrictions.
Reference: Business News Americas.
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