Axtel, S.A.B. de C.V. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 19, 2022
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Axtel, S.A.B. de C.V. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was MXN 2,544 million compared to MXN 2,983 million a year ago. Net loss was MXN 171 million compared to net income of MXN 344 million a year ago.
For the six months, sales was MXN 5,091 million compared to MXN 5,818 million a year ago. Net loss was MXN 60 million compared to net income of MXN 58 million a year ago.
Axtel SAB de CV is a Mexico-based company engaged in the telecommunications sector. The Company provides broadband Internet, pay television and telephony, as well as information and communications technology (ICT) solutions for companies, financial institutions and government. The Company offers business solutions for data transmission and implementation of virtual private networks, Web hosting, data centers, managed security services to other telecommunications operators and voice services, among others. The Company's brand names portfolio includes Alestra (enterprise and government services) and Axtel (residential and small businesses). The Company's network consists of various access technologies, such as fiber optic, fixed wireless access, point-to-point links and point-to-multipoint radio. It is controlled by Alfa SAB de CV.
AXTEL, S.A.B. DE C.V. 
