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Mexico's Alestra and Axtel plan to merge

Friday 2 October 2015 | 11:14 CET | News
Mexican telecommunications company Alestra, a unit of industrial conglomerate Alfa, has announced plans to merge with Axtel. Axtel will continue to exist after the merger and will continue to trade on the Mexican Stock Exchange. Axtel is expected to issue new shares to be delivered to Alfa as payment for the merger, representing approximately 51 percent of the combined entity.

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Categories: Fixed
Companies: Alestra Movil / Alfa / Axtel
Countries: Mexico
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