Axtel, S.A.B. de C.V.

San Pedro Garza García, Nuevo León  Mexico

 

Company Description

Axtel is taking on rival Telmex to try and loosen its grip on Mexico's telecom services 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 one-quarter of those have advanced voice, data, and Internet service. After its $516 million acquisition of Avantel, Axtel is now Mexico's second largest fixed-line integrated telecommunications company. The company is listed on the Mexican Stock Exchange. Axtel gets about three-quarters of its revenues from business customers.