Mexican telco Alestra posted a 41% rise in profit in the second quarter of 2011 to US$16mn compared to 2Q10, as value-added services (VAS) accounted for a larger percentage of revenue, according to a statement from the firm's parent company, Alfa.
Revenues increased 9% year-on-year to US$98mn. VAS revenue grew 14% compared to 2Q10, reflecting mainly IP telephony services such as managed services and virtual private networks. VAS represented 79% of total income in 2Q11, compared to 76% in 2Q10. Alestra also offers long distance services.
Alestra invested US$12mn in the quarter, mainly in increasing network capacity, providing last mile access and building infrastructure to replace rented lines. Net debt was US$158mn, down US$15mn from 1Q11.
On July 12, AT&T completed the sale of its 49% stake in Alestra to Mexican industrial conglomerate Alfa.
Use this link to see Alfa's full statement.