Axtel offloads part of fibre business to Televisa

19 Dec 2018

Mexican fixed line operator Axtel has signed a definitive agreement for the divestment of part of its fibre business, to domestic media conglomerate, Grupo Televisa. The deal includes 227,802 residential and small business customers and encompasses 4,432km fibre, as well as other related network assets. The infrastructure in question is located in Monterrey, San Luis Potosi, Aguascalientes, Mexico City, Ciudad Juarez and Zapopan, and has been sold for MXN4.71 billion (USD234.71 million). Axtel will continue to operate its remaining fibre networks, while exploring ‘attractive divestment opportunities’ for these assets.

TeleGeography notes that Televisa is a major player in the Mexican telecoms sector via its ownership of Izzi Telecom, Cablevision (TVI), Cablecom, Cablemas and Telecable. The cablecos’ collective footprint spans Mexico City, Monterrey, Tijuana, Zapopan, Ciudad Juarez, Queretaro, Merida, Mexicali, Chihuahua, San Luis Potosi, Aguascalientes, and a number of other major cities.

Mexico, Axtel, Grupo Televisa