Tuesday, March 2, 2021

Slim to expand pay TV base in Colombia And Latin America

We are just about to enter Colombia … from there, to all the other countries with broadband services.

Mexico’s Carlos Slim hopes to raise the number of pay television subscribers in Latin America by a fifth this year, a top executive at the tycoon’s giant mobile service América Móvil said on Tuesday.

Slim has recently launched a drive to capture new markets in Europe, but América Móvil still sees plenty of room for growth in Latin America, Oscar Von Hauske, the company’s head of fixed operations, told Reuters in an interview.

- Advertisement -

“We already have 14 million pay TV clients (as of March). We are adding about 230,000 monthly clients,” said Von Hauske, adding that the company aimed to maintain that pace in 2012.

At that rate the pay TV subscriber base – which includes satellite and cable services – will grow by nearly 20 percent in 2012, down from around 33 percent the previous year.

Pay TV, which contributed 8.1 percent of América Móvil’s first-quarter revenue, is its fastest-growing division, offering cable or satellite from Guatemala to Argentina.

But América Móvil, which has operations in 16 Latin American countries, has yet to enter the television market in Mexico. The Mexican government has kept it out due to competition concerns about Slim, the world’s richest man.

- Advertisement -

Instead Slim, who controls nearly 70 percent of the Mexican mobile phone market and 80 percent of fixed-line phones, has taken aim at other markets, recently announcing plans to buy a stake of up to 28 percent in Dutch telecoms firm KPN. He has also bought 4.1 percent of Telekom Austria.

Von Hauske, who drove América Móvil’s Latin American expansion, said the firm is also expanding its video streaming offer, currently available in Colombia, Argentina and Chile. “The idea is to tap all markets” this year, Von Hauske said.

The executive said América Móvil plans to remain a pure content distributor. Its acquisition of DLA in 2011 gave it access to movies, TV series and music for its growing base of smartphone, tablet and pay TV customers.

Gaming is another América Móvil focus. After launching 600 titles in April to some 8 million users of broadband in Mexico, the company wants to reach the rest of the region.

“We are just about to enter Colombia … from there, to all the other countries with broadband services,” Von Hauske said.


- Advertisement -

Mexico, the cornerstone of Slim’s empire, is in the middle of a major overhaul of its telecoms network. Its old copper wires, which extend across the country, are being replaced with more efficient fiber optic cable.

Telmex, the fixed-line phone and Internet arm of América Móvil, is deploying miles and miles of fiber optic that will bring faster broadband access to homes, mostly in big cities.

Rivals like SKY, the direct-to-home satellite television unit of Mexico’s leading broadcaster Televisa, is preparing to launch its own fiber-based broadband service in Mexico City this year. Televisa’s other unit, Cablevision, the leading provider of cable services in Mexico, already has broadband.

To take on Slim over telecoms, Televisa joined forces last year with broadcasting rival TV Azteca, which has its own fiber optic service, Totalplay, in the capital.

Televisa’s $1.6 billion bid for TV Azteca’s sister cellphone company Iusacell, which was blocked by the authorities, is under review by competition watchdog Cofeco and a final ruling is expected this week.

- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"Rico" is the crazy mind behind the Q media websites, a series of onlinemagazines that includes TodayColombia.com. Rico brings his special kind of savvy to online marketing. His websites are engaging, provocative, informative and sometimes off the wall, where you either like or you leave it. The same goes for him, like him or leave him.There is no middle ground. No compromises, only a passion to present reality as he sees it!

Related Articles

Bogotá, Medellín and Cali: the cities with the most violations of measures against covid-19

QCOLOMBIA - Since the mandatory isolation began in Colombia, 1,400,387 finess...

What happens if a Colombian does not attend the scheduled covid-19 vaccination appointment?

QCOLOMBIA - A few days after starting the National Vaccination Plan,...


What happens if a Colombian does not attend the scheduled covid-19 vaccination appointment?

QCOLOMBIA - A few days after starting the National Vaccination Plan, Colombians still have some doubts regarding their immunization process and there is fear...

We do not move even half the passengers we would have on a normal day: Transmilenio manager

QCOLOMBIA - The public transport system in Colombia has been one of the worst-hit sectors since the start of the coronavirus pandemic, as quarantines...

Colombia Suffered Its Deepest Slump Since 1905 Last Year

(Bloomberg) -- Colombia’s economy suffered its deepest contraction in more than a century last year, leaving it wracked by soaring debt, mass unemployment and...

Colombia receives first batch of vaccines

QCOLOMBIA - Colombia advanced the start of the immunization campaign against the coronavirus to February 17, three days ahead of schedule, after receiving the...

There’s A Good Chance Your Valentine’s Flowers Come From Colombia

QCOLOMBIA - If you send a bouquet of roses for Valentine's Day, chances are they were grown in Colombia. It remains the No. 1...

Colombia begins 2021 with a reactivation of 55% in flights

QCOLOMBIA - The end of the year travel season arrived with important expectations of recovery for the tourism sector. The improvement in the tourist...

Pope thanks Colombia for efforts to protect migrants

Q REDAQTED (Vatican News) - “I always look with gratitude at the efforts of those who work for migrants,” Pope Francis said on Sunday...

Colombia okays US$38 billion dollar reactivation plan

QCOLOMBIA - Colombia’s economic and social policy council (Conpes) has greenlighted a 135 trillion Colombian peso (US$38 billion) economic reactivation plan, which will be...

Colombian Clever Leaves made first shipment of medical cannabis to the U.S.

QCOLOMBIA - Clever Leaves, a Colombian company authorized to handle pharmaceutical grade cannabinoids, announced that its subsidiary, Herbal Brands, managed to establish a strategic...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!