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General

Axtel revenues fall 19% to MXN 2.42 bln, net income up in Q1

Friday 1 May 2015 | 15:37 CET | News
Mexican telecoms operator Axtel reported revenues of MXN 2.42 billion in the second quarter of the year, a 19 percent fall compared to the year-earlier result of MXN 2.97 billion. However, the company turned around a net loss of MXN 148 million in Q1 2014 to a MXN 818 million net gain, above all due to the agreements reached with America Movil and its affiliate Telcel to terminate various disputes related to interconnection services. Under the terms of the deal, and after settlement of all amounts in dispute or pending payment, Axtel received a net payment of MXN 950 million. Adjusted EBITDA

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Categories: General
Companies: America Movil / Axtel / Telcel
Countries: Mexico
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