Mexico's Axtel absorbs Alfa's FTTH operation
Juan Fernandez Gonzalez
| 03 October 2015
Mexico's Axtel has announced an agreement with Alfa to acquire its subsidiary Alestra, which is to open new convergent, triple-play opportunities through its fibre-to-the-home (FTTH) network.
Through the buy-out, Axtel expects to generate scale economy, efficient network integration and know-how transference.
Axtel shareholders Álvaro Fernández and Tomás Milmo will co-preside the board, while Rolando Zubirán Shetler and Felipe Canales Tijerina will be CEO and executive director for finances, respectively.
“Axtel and Alestra's merger will create a significant added value for our shareholders, while our clients will also benefit from a consolidated provider with a solid network and commercial infrastructure”, said Tomás Milmo, president, Axtel.
For Axtel, a growing player in pay-TV, video services and Internet markets, Alestra's acquisition will almost double its business volume.
The whole operation, which is being assessed by Citigroup, is expected to conclude during the first months of 2016.