MEXICO CITY-Telefonos de Mexico reported significant subscriber gains in its second-quarter earnings results. The company said the subscriber base for cellular subsidiary Telcel had increased to 3.25 million, up 113.3 percent compared with the same time last year.
During the second quarter, 719,846 customers were added, which is 213.9 percent higher compared with second-quarter 1998, said Telmex.
Overall net income for Telmex for the second quarter was $597 million, an increase of 34.5 percent from the same period in 1998.
