MEXICO CITY, Feb 16 (Reuters) - Mexico's Alfa has still not received an "appropriate offer" for telecommunications subsidiary Axtel, Chief Financial Officer Eduardo Escalante said in a call with investors on Wednesday.

Escalante said Alfa, which is looking to downsize its portfolio, values Axtel's infrastructure business in the "low double digits," and the services portion in the "mid-single-digit range." (Reporting by Kylie Madry Editing by Chris Reese)