Megacable has announced its financial results for the first quarter of 2018. At the close of the quarter, the video segment reached 3,101,244 subscribers, a 6.6% growth or 193 thousand net adds year-on-year, continuing with the growth trend experienced during the last nine months of 2017.
When compared to the fourth quarter of 2017, subscribers for this segment grew by 2.0% or 61 thousand net adds. This result was due to valuable commercial efforts aimed at healthier subscriber adds, as well as the continued improvement of the churn rate. In the fourth quarter of 2017, video subscribers were 3,040,278.
At the end of the first quarter of 2018, 81% of total subscriptions were digital, with over 4.7 million set-top-boxes. Moreover, the company reached 600,000 HD service subscribers during the quarter. Xview continues to experience growth, adding 79 thousand net subscribers during the first quarter of 2018, for a total of 249 thousand subscribers.
