Megacable Announces an Investment in Chihuahua
- Megacable Holdings will invest 700 million pesos in Chihuahua to construct 2,800 kilometers of fiber optic cable networks, creating 1,900 job opportunities.
- The investment aims to achieve 70% coverage in Chihuahua.
Megacable Holdings has announced an investment of 700 million pesos (approximately 35.5 million dollars) to construct 2,800 kilometers of new fiber optic cable networks in the city of Chihuahua. This expansion project is expected to create around 1,900 job opportunities in the market.
The company aims to begin operations in Chihuahua's capital by the end of September, offering corporate security and cloud services, as well as mass-market products such as standalone or bundled television, telephone, internet, and streaming content.
This marks Megacable's first entry into the capital market of Chihuahua, following its initial presence in the state through the cities of Ciudad Juárez and the municipalities of Casas Grandes, Nuevo Casas Grandes, Ascensión, and Janos.
The company had previously obtained concessions to develop telecommunications networks in those areas.
The announced investment of 700 million pesos by Megacable will be utilized to achieve a coverage of 70% within the city of Chihuahua. As of the end of 2021, this market represented a total of 245,160 fixed telephone accesses, 145,356 broadband subscriptions, and 200,218 activated cable television accounts.
