Axtel stalks rivals Avantel, Alestra

6 Dec 2005

Mexican fixed line operator Axtel is said to be considering plans to acquire one or both of its rivals, Avantel or Alestra, as it looks to expand its presence in the country. According to BNamericas, Axtel’s president Tomás Milmo made the comments at a road show designed to generate support ahead of a forthcoming IPO, which is looking to raise USD352 million on the Mexican and US stock exchanges.

Mexico, Alestra, Axtel