Axtel targets business market with new services

15 Mar 2004

Mexican fixed wireless telco Axtel says it hopes to increase its share of the business user market as a result of its recent launch of new products and services. The company introduced a VPN offering at the end of last year, to augment its voice services portfolio, and has added a ‘unique number service in multiple cities’ for corporates. Axtel utilises a variety of delivery platforms including wireless in the local loop (WiLL), point-to-point and point-to-multipoint radio licences, and operates a fibre-optic backbone to provide local, long-distance and internet access for corporates in Mexico City, Guadalajara, Monterrey, Toluca, Puebla and León. However, it says it has no plans to introduce VoIP or Wi-Fi in the near future.

Axtel reported net income of MXP869 million in 2003, from a loss of MXP811 million previously, on revenues of MXP2.92 billion. The turnaround was attributed to reductions in interest expenses and foreign exchange losses, buoyed by a 19% increase in sales. The telco invested MXP460 million in 2003, on top of the MXP565 million it spent in 2002. It will announce its 2004 capex next month. EBITDA increased by a credible 69% to MXP978 million.

Mexico, Axtel