Axtel

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Axtel S.A.B. de C.V.

Type	Public, BMV: AXTEL
Founded	1993
Headquarters	Monterrey, Mexico
Key people	Tomas Milmo Santos, Chairman and CEO Patricio Jimenez Barrera, CFO Ivan Alonso Hernandez, COO
Industry	Telecommunications
Products	Telephone, Internet
Revenue	$4,966.80 Million MXN (2005)
Net income	$284.43 Million MXN (2005)
Website	Axtel

Axtel S.A.B. de C.V. (BMV: AXTEL), is a Mexican telecommunications company, headquartered in Monterrey, that provides telecommunication products and services in Mexico. It is the main competitor of Telmex, who was a monopoly until very recently.

1 History
2 Coverage
3 Notes
4 External Links

[edit] History

Though incorporated in 1993, it was until 1997 that Axtel received authorizations from the Mexican government to operate in the radioelectrical spectrum. The company's business plan was to compete with Telmex in local telephony by bypassing phone lines and using fixed wireless communications instead. It was until 1999 that the company began operating in Monterrey. It later expanded to Guadalajara, and Mexico City in 2000. Then President Ernesto Zedillo made the first "national" call in the company's network, inagurating service nationwide. At the time, news outlets around the country saw this moment as the beginning of a true open market in the local telephony business in Mexico.

By 2005, Axtel had expanded its coverage to 12 of the most important cities in the nation. It was in this year that the company made its initial public offering in the Mexican Stock Exchange.