ALFA weighing up bids for Axtel

19 Oct 2020

Mexican industrial conglomerate ALFA has received a number of non-binding bids for its telecoms unit Axtel, which serves the wholesale, business and government markets. ALFA confirmed: ‘We are advancing to the second phase of the competitive process to attract investors and strategic proposals for Axtel Networks and the company.’ The number of bids is in the double digits, the company added. ALFA has owned 51% of Axtel’s equity since February 2016.

Mexico, Axtel