Axtel exceeds 100,000-subs barrier

DetailsJuan Fernandez Gonzalez | 29 July 2015

Growing by 25% since last year, Axtel's pay-TV service has already become a leader in Mexico's audiovisual scene, increasing income and its market share in a very competitive market and overcoming the 100,000-sub mark by June.

Reporting Q2 2015 results to Mexico's stock market, Axtel banked nearly $160 million between April-June, and then gathering around $615 million since June 2014. Most of the business was generated by services to companies and public institutions, reporting 70% growth since the beginning of the year.

But Internet and video services have also been growing in importance over the last year, and Axtel has accumulated 11% increase in benefits during Q2, reaching $25 million of business volume. Regarding units, Axtel's broadband business reached 188,000 subs and Axtel TV 100,000 by the end of the second quarter, 25% more than last year.

"Axtel's results during first semester have been very positive", said Felipe Canales, executive director, Axtel. "Our main business, corporate-related and Internet and video through fibre-to-the-home (FTTH), have kept a steady and stable growing trend. Besides, we have continued exploring new opportunities and alternatives within the industry".