Axtel, S.A.B. de C.V. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 20, 2022 at 03:05 pm EDT
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Axtel, S.A.B. de C.V. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was MXN 2,736.19 million compared to MXN 2,758.98 million a year ago. Net loss was MXN 115.52 million compared to MXN 301.9 million a year ago.
For the nine months, sales was MXN 7,827.23 million compared to MXN 8,577.38 million a year ago. Net loss was MXN 175.75 million compared to MXN 244.22 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. 
