Tuesday, October 26, 2010
Telmex Profit Drops
So if Telmex is virtually a monopoly, what is going on to cut their profits so drastically?
The cable companies.
All over Mexico, cable companies have started to offer "triple play" packages which is a bundle that includes TV, internet, and phone service all for one low price. Cablevision, Megacable, Telecable, Cablecom, are just a few of the companies that are offering these packages.
Let's look at a comparision:
Telmex monthly phone service (the cheapest plan) $346.49 MXN
Cablevision triple play (internet, TV, phone) $525.00 MXN
Megacable triple play (internet, TV, phone) $549.00 MXN
In Mexico, price is king, so it won't be long before Telmex comes up with something to compete with the cable companies.
One of Telmex's latest packages (which I love) is a package that allows you unlimited calls throughout Mexico and the United States for $1,099 MXN/month. If you call the United States often and live in Mexico, I highly recommend this package. It also includes internet service.
PS- Did anyone else notice the Telmex logos on the Chilean miners rescue jumpsuits? This guy is everywhere!!!