Axtel Company Description
Axtel is taking on rival Telmex to try and loosen its grip on Mexico's telecom industry. The company's digital network of local and long-distance phone, Internet, and web hosting services is offered to residential and commercial customers, as well as the government. Its long-distance phone system is spread across 200 cities in Mexico, and 51 of those have advanced voice, data, and Internet service. Axtel acquired Avantel in 2006 for about $520 million and is now Mexico's second largest fixed-line integrated telecommunications company. The company joined the Mexican Stock Exchange in February 2008.
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The Company Description provides a historical perspective of Axtel's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Axtel's evolution in the marketplace.
