Maxcom reported earnings results for the first quarter of 2016. For the quarter, the company reported net loss of MXN 98 million (USD 5.62 million) for first quarter of 2016, compared with a MXN 58 million loss for the same period last year. Meanwhile, revenue fell 13% to MXN 544 million.

The results mirror those of fourth quarter of 2015, when Maxcom reported a 12% drop in revenues, resulting from the elimination of domestic long distance charges.