Axtel to increase investment in wake of strong Q1 performance

3 Jun 2004

Local exchange carrier Axtel is upping its investment for 2004 from USD90 million to USD145 million following a strong performance in the first quarter, says BNAmericas. The company plans to spend the money on infrastructure, to expand existing networks and roll out services to new coverage areas in central and northwestern Mexico. It has already targeted a July launch in the cities of Querétaro and San Luis Potosi, and hopes to add Aguascalientes, Ciudad, Juárez, Saltillo and Tijuana by the end of the year. According to Axtel manager Andrés Velázquez, the company has around 370,000 phone lines and saw revenues rise by 22% over the last year.

Mexico, Axtel