Grupo Alfa chooses to sell Axtel

Grupo Alfa chooses to sell Axtel
Grupo Alfa chooses to sell Axtel

Mexico City.- Group Alfa decided to sell all of Axtel, after receiving offers from investors interested in buying the company, reported Rolando Zubirán Shetler, CEO of Axtel.

In the financial report for the third quarter of 2020, Zubirán said that in the last three months the process was carried out to attract investors for the purchase of the telecommunications firm.

“After evaluating the proposals that we received and seeking to maximize the creation of value for shareholders, we determined to continue with the process focusing on a potential transaction throughout the company, including both business units,” he said.

However, the manager did not reveal the amount of the proposals that the company has received so far. “We received a two-digit number of attractive non-binding proposals for both alternatives,” he said.

Reports revenues of 3,000 million pesos

Axel yesterday presented the results corresponding to the third quarter of 2020, where he revealed that he obtained income of more than 3 thousand 95 million pesos, as well as one thousand 78 million pesos of Operational Flow, the company detailed.

“Of the company’s total revenues, the services business unit, which serves the corporate and government market under the Alestra brand, generated 2,427 million pesos,” the company added.

He added that of the revenues reported by Alestra during the third quarter of 2020, the 39 percent increase in sales of IT services (Information Technology) in the business segment stood out.

The company explained that this result was favored mainly by the 41 percent increase in sales of solutions in cloud technologies and cybersecurity, as well as a 36 percent increase in the sale of systems integration solutions.

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