Conectivity at all time
2016 was a significant year for Megacable, one
during which the company had to contend with
sluggish economic growth, financial uncertainty and
major volatility, which led to significant currency
devaluation. Furthermore, we took some important
decisions regarding content procurement, and
we tested our ability to adapt and ensure our
competitiveness; however, these challenges were
overcome with great results, thanks to our on-going
investment in technology, improved content, the
highest standards of quality, strict financial discipline
and our human capital, as a result of our on-going
investments in training to ensure the best possible
customer service.
Today, Megacable continues to be a highly productive and profitable company with an innovative portfolio of products that meets the expectations of our customers. Thanks to our capital investment criteria, we remain at the cutting edge in terms of the technology we use, and we are still one of the most competitive companies in the telecommunications sector.
In the Pay Television segment, we now offer people the opportunity to watch their favorite programs wherever they want and whenever they want, on their favorite devices, thanks to cuttingedge technology and user-friendly platforms that offer outstanding signal quality. This latestgeneration video service was successfully deployed in Guadalajara, Puebla, Veracruz and Hermosillo, and we expect to roll it out to our 30 major markets, which represent 70% of our current and potential customers, helping to ensure greater growth, positioning and profitability.
In the Internet segment we have maintained accelerated growth. The most important differentiating factors that we offer in this segment are low costs and one of the highest speeds on the market.
Telephony experienced significant growth during the year because of our commercial strategies, focusing on offering our customers outstanding quality and competitive costs. These results were made possible thanks to the dedication and professionalization of our employees, driving sensitivity to the requirements of the market.
The Business segment continues to position itself as an area of growth opportunities, both in terms of SME’s and micro-businesses as well as large corporations and governments, thanks to MetroCarrier, MCM and Ho1a. We are currently involved in major public and private tender processes, offering these markets the highest quality business solutions and connectivity.
As such, we have helped turn Megacable into one of the main telecommunications and entertainment service providers for the business and residential markets.
Our operating and financial resultsled to satisfactory results for our share price, which closed 2016 at a price of MXN $69.41, an annual increase of 8%.
Our operating results and our solid balance sheet guarantee the basis required for growth and the ongoing consolidation of our operations. 2017 will be another year of successes for our organization.
Megacable has ensured consistent growth rates that are above the average of the telecommunications sector, which is one of the fastest growing segments in the country. 2017 will be no exception.
Megacable’s goal is to become the best telecommunications company in Mexico, and, to consolidate this position, our strategy will continue to focus on improving the services we offer, driving innovation through high-quality products, offering the best technology platform, providing the best content and meeting the needs of our customers through high-value products and services. Furthermore, we will continue to invest in our human capital, infrastructure and technology.
I would like to thank each and every one of our shareholders for the trust they have placed in Megacable, as well as the hard work of our employees, the support of our suppliers and the loyalty of our customers. Together, we will work to make Megacable the best telecommunications company in Mexico.
Yours sincerely,
Francisco Javier R. Bours Castelo
Chairman of the Board of Directors
Manuel Urquijo Beltrań
Secretary of the Board of Directors
