- Business
- Axtel, S.A.B. de C.V. (AXTLF) operates as a Mexican information and communications technology company focused on delivering advanced ICT solutions to enterprise, government, and wholesale markets through its commercial brands Alestra and Axtel Networks (Axnet); core offerings encompass managed networks, collaboration tools, systems integration, cloud services, cybersecurity, connectivity solutions including broadband internet, IP transit, spectrum, fiber to the tower, fiber to the data center, and last-mile access, as well as value-added services such as hosting, data centers, managed security, mobility, standard telecom, IT, and voice services across segments serving corporates, mid-to-large businesses, financial institutions, federal/state/municipal governments, carriers, operators, hyperscalers, data centers, and content providers. Founded in 1994 and headquartered in San Pedro Garza Garcia, Nuevo Leon, Mexico, the company maintains a fiber optic network exceeding 50,000 kilometers with presence in over 90% of Mexican industrial parks and operations spanning more than 39 cities including Monterrey, Guadalajara, and border regions for cross-border capacity to Texas; it serves as a subsidiary of Controladora Axtel, S.A.B. de C.V. since May 2023 following a spin-off from Alfa S.A.B. de C.V. Recent developments include multiple debt prepayments totaling approximately US$90 million over nine months through June 2025 on a syndicated bank loan, reducing net leverage to 2.3x and extending maturities to 2027; addition of over 1,100 kilometers of new fiber in 2025 for AI-driven data transport between Queretaro and Texas; strategic alliances such as exclusive service provider status with Cohesity for backup and data management in Mexico, Oracle hybrid cloud certification, HP Enterprise agreement for AI processing infrastructure, and cybersecurity recognitions including Fortinet Managed Security Services Provider Partner of the Year 2024 LATAM and 2025 North Region, Palo Alto Networks Diamond Innovator status, and Check Point Best Performance 2024 and Partner Elite level; a new federal government contract boosting connectivity revenues; approval of Ps.100 million share repurchase program in 2025 with cancellation of 1.8% of shares; and merger by incorporation of subsidiaries Alestra Innovacion Digital, Estrategias en Tecnologia Corporativa, and Allied Inmuebles into Axtel effective April 2023.