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General

Axtel revenues down 3% in Q2, completes infrastructure unit spin-off

Friday 17 July 2020 | 11:35 CET | News
Mexican operator and ICT services provider Axtel reported revenues of MXN 3.08 billion in the second quarter of 2020, down 3.2 percent year on year due mainly to a 5 percent fall in its enterprise segment. However, EBITDA climbed to MXN 1.22 billion in the April to June period compared to a MXN 1.09 billion a year earlier thanks in part to the net gain of MXN 90 million in the quarter following last month's sale of 50MHz of spectrum in the 3.5GHz band to America Movil's Telcel unit.

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Categories: General
Companies: Axtel
Countries: Mexico
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