Q4 2020 Megacable Holdings SAB de CV Earnings Call Transcript
Good morning, and welcome to Megacable's Fourth Quarter and Full Year 2020 Earnings Conference Call. With us this morning from Megacable, we have Mr. Enrique Yamuni, CEO; Mr. Raymundo Fernández, Deputy CEO; and Mr. Luis Zetter, CFO. Let me remind you that the information discussed in today's earnings call may include forward-looking statements on the company's future financial performance and prospects, which are subject to risks and uncertainties. Megacable undertakes no obligation to update or revise any forward-looking statements. I will now turn the call over to Mr. Enrique Yamuni. Sir, you may begin.
Thanks very much. Good morning, everyone, and thank you for joining us today. Due to a larger subscriber base and a leaner cost structure during the fourth quarter of 2020, Megacable was able to increase its net income at a double-digit rate. Despite the challenging environment of the year that was marked by the deep economic slowdown, caused by the COVID-19 pandemic and the
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