Mexico's telecommunications sector saw revenues grow 31.1% in the third quarter of 2007 compared to the same period last year, making it the strongest quarter in seven years, the country's telecoms regulator Cofetel said in a statement.
According to Cofetel's production sector index ITEL, the telecoms sector outstripped the local economy 8.4 times in Q3 versus 2Q07. The economy grew 3.7% in the third quarter versus Q2.
Cofetel attributed the growth to an increase in mobile phone and trunking traffic as well as the strengthening of competition in the satellite communications segment, the statement said.
Some 2.36mn mobile phone users were added in the quarter, reaching a total of 64.35mn, or a teledensity of 60.8 lines for every 100 inhabitants.
Boosting mobile phone calls were a reduction in rates and growing popularity of text messaging.
In the quarter, the trunking segment saw its strongest growth in five years due to more competitive promotions and increasing coverage in the country.
Source: Cellular News based on Cofetel's statement.