Brazilian operator Algar Telecom reported in its third quarter of 2018 a further drop in its direct-to-consumer segment of pay TV. It lost 5 thousand revenue generating units (RGU), closing the period with a total of 82 thousand.
In this way, the Cable and Satellite TV operator recorded its third consecutive quarterly loss, since in the first period of 2018 it reduced one thousand RGUs and from the first to the second it repeated the trend to lose 3 thousand RGUs.
Algar Telecom also announced that its revenues in the pay-TV market were USD 6.3 million during the third quarter of this year. In the residential segment, Algar has operations in Minas Gerais, Sao Paulo, Goiás and Mato Grosso do Sul states. In the business segment, its coverage extends along the coast to the north of Brazil, reaching Fortaleza, a region in which it acquired assets from Cemig Telecom to settle in the states of Bahia, Pernambuco and Ceará.