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General

Axtel Q4 revenues hit by weak peso, govt spending cuts

Thursday 16 February 2017 | 10:40 CET | News
Mexican operator Axtel reported revenues of MXN 3.78 billion in the fourth quarter of 2016, up 34 percent year on year thanks to its merger with Alestra but down sequentially due to the weakness of the peso against the dollar and significant cuts in federal spending. However, internet and data revenues rose to MXN 832 million from MXN 174 million a year earlier, while IT service revenues soared to MXN 243 million from MXN 39 million in Q4 2015.

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Categories: General
Companies: Alestra / Alfa / Axtel
Countries: Mexico
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