AXTEL, S.A.B. DE C.V. announced that it has commenced an offer to purchase (the "Tender Offer") up to USD 75,000,000 aggregate principal amount (the "Tender Cap") of its outstanding 6.375% Senior Notes due 2024 (the "Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase (as defined below). The Tender Offer will expire at 11:59 P.M., New York City time, on February 13, 2023 (such time and date, as the same may be extended, the "Expiration Time"). Holders who validly tender Notes at or prior to 5:00 P.M., New York City Time, on January 30, 2023 (such time and date, as the same may be extended, the "Early Tender Deadline"), unless the Tender Offer is earlier terminated or withdrawn by the Company, will be eligible to receive the Total Consideration (as described below).

Holders who validly tender Notes after the Early Tender Deadline, but at or prior to the Expiration Time, unless the Tender Offer is earlier terminated or withdrawn by the Company, will be eligible to receive the Tender Offer Consideration (as described below). Notes tendered may be withdrawn at any time at or prior to 5:00 P.M., New York City Time, on January 30, 2023 (such time and date, as the same may be extended, the "Withdrawal Deadline") but not thereafter. Holders of Notes who validly tender Notes in the Tender Offer, and whose tenders are accepted by the Company, will receive, in addition to accrued and unpaid interest, for each U.S. $1,000 principal amount of Notes tendered, an amount in cash in U.S. dollars equal to: in the case of Notes tendered at or prior to the Early Tender Deadline, an amount equal to USD 863.75 (the "Total Consideration"), consisting of (i) an amount equal to USD 813.75 (the "Tender Offer Consideration"), plus (ii) an amount equal to USD 50 (the "Early Tender Payment") and in the case of Notes tendered after the Early Tender Deadline, but at or prior to the Expiration Time, the Tender Offer Consideration.

If the purchase of all validly tendered Notes would cause the Company to purchase a principal amount greater than the Tender Cap, then the Tender Offer will be oversubscribed and, if the Company accepts Notes in the Tender Offer, it will accept for purchase tendered Notes on a prorated basis. No consideration will be payable with respect to any Notes returned due to proration. Settlement: Subject to the terms and conditions of the Tender Offer being satisfied or waived, the Company reserves the right, at any time following the Early Tender Deadline but prior to the Expiration Time (the "Early Acceptance Date"), to accept for purchase the Notes validly tendered on or before the Early Tender Deadline and not validly withdrawn before the Withdrawal Deadline, subject to any required proration.

If the Company elects to exercise this option, it will pay the Total Consideration for the Notes accepted for purchase at the Early Acceptance Date on a date (the "Early Payment Date") promptly following the Early Acceptance Date. Such Early Payment Date is expected to be on or about February 1, 2023, but is subject to change without notice. Also, on the Early Payment Date, if any, the Company will pay accrued and unpaid interest to, but not including, the Early Payment Date, on Notes accepted for purchase at the Early Acceptance Date.

The Company reserves the right, in its sole discretion, subject to applicable law, to increase or decrease the Tender Cap; however, there can be no assurance that the Company will do so. Subject to the terms and conditions of the Tender Offer being satisfied or waived, and to the Company's right to extend, amend, terminate or withdraw the Tender Offer, it will, after the Expiration Time (the "Final Acceptance Date"), accept for purchase all Notes validly tendered at or before the Expiration Time and not validly withdrawn before the Withdrawal Deadline (or if the Company has exercised its early purchase option described above, all Notes validly tendered after the Early Tender Deadline and at or before the Expiration Time). The Company will pay the Total Consideration or Tender Offer Consideration, as the case may be, for Notes accepted for purchase at the Final Acceptance Date on a date (the "Final Payment Date") promptly following the Final Acceptance Date.

Also, on the Final Payment Date, the Company will pay accrued and unpaid interest to, but not including, the Final Payment Date, on Notes accepted for purchase at the Final Acceptance Date. The Company's obligation to accept for purchase and to pay for Notes validly tendered and not withdrawn pursuant to the Tender Offer, or to make any Early Tender Payment, is subject to the satisfaction or waiver of certain conditions, which are more fully described in the Offer to Purchase.