AXTEL, S.A.B. DE C.V., (the Company) announced the early tender results as of January 30, 2023 at 5:00 P.M., New York City time (the Early Tender Deadline) in respect of the previously announced offer to purchase (the Tender Offer) up to $75,000,000 aggregate principal amount (the Tender Cap) of its outstanding 6.375% Senior Notes due 2024 (the Notes). The Company further announced that as of the Early Tender Deadline, the Company had received tenders (not validly withdrawn) from the holders of U.S.$77,737,000 of the total outstanding principal amount of the Notes, and that it has accepted for purchase $77,737,000 aggregate principal amount of such Notes pursuant to the Tender Offer. In connection therewith, the Company is also increasing the Tender Cap from the previously announced $75,000,000 to $120,000,000.

The early settlement date on which the Company will make the payment for the Notes validly tendered and not validly withdrawn in the Tender Offer at or prior to the Early Tender Deadline and that are accepted for purchase is expected to be February 2, 2023 (the Early Payment Date). Subject to the conditions set forth in the Offer to Purchase, dated January 17, 2023 (as amended or supplemented from time to time, the Offer to Purchase), relating to the Tender Offer, holders of Notes who validly tendered their Notes at or prior to the Early Tender Deadline and did not validly withdraw their Notes at or prior to such time and whose Notes have been accepted for purchase will receive on the Early Payment Date the total consideration of $863.75 (the Total Consideration) for every $1,000 principal amount of such Notes, which includes an early tender payment of $50 (the Early Tender Payment) for each $1,000 principal amount of Notes, plus accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the Early Payment Date. Withdrawal rights for the Offer expired at 5:00 P.M., New York City time on January 30, 2023 (the Withdrawal Deadline).

Notes that have been validly tendered (and not validly withdrawn) on or prior to the Withdrawal Deadline cannot be withdrawn, except as may be required by applicable law. The Company has decided to extend the Early Tender Deadline to 11:59 P.M. New York City time on February 13, 2023, which is also the expiration time of the Tender Offer (the Expiration Time), and provide the Early Tender Payment to any holder that validly tenders its Notes prior to the Expiration Time. Accordingly, subject to the Tender Cap, holders of Notes who validly tender their Notes at or prior to the Expiration Time will receive the Total Consideration for every $1,000 principal amount of the Notes validly tendered at or before the Expiration Time and accepted in the Tender Offer, which includes the Early Tender Payment, plus accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the purchase date therefor.