Pro forma revenues declined 10% in 2016, as government segment revenues declined 37%. This government segment decline results from the reduction of federal government spending in 2016 and also from non-recurrent equipment sales and projects’ revenues registered in 2015 and not replicated in 2016. However, Axtel’s quarterly recurrent enterprise and government segment revenues have shown a positive trend in 2016, particularly from enterprise customers, providing encouraging prospects for 2017.
During the fourth quarter, Axtel continued executing the post-merger integration plan with positive results. At the end of the year, Axtel was able to achieve run-rate EBITDA synergies of approximately Ps. 1,000 million.
Axtel is pleased to participate in ALTÁN Redes, the consortium granted with the exclusive rights to exploit the 700 MHz band for the creation of a nationwide 4G wholesale network, also known as Red Compartida. This project enhances Axtel’s mobility strategy and represents an opportunity for the Company to become a strategic supplier to Red Compartida.
1Q 2017 Conference Call Results
Abril 11, 2017
Axtel, S.A.B. de C.V. (BMV: AXTELCPO) (“Axtel”), a Mexican Information and Communications Technology company, will host its First Quarter 2017 conference call on Tuesday, April 25, 2017, at 9:30 a.m. New York time / 8:30 a.m. Monterrey/Mexico City time.
4Q 2016 Conference Call Results
Febrero 15, 2017
Axtel, S.A.B. de C.V. (BMV: AXTELCPO) (“Axtel” or the “Company”), a Mexican Information and Communications Technology company, will host its Fourth Quarter 2016 conference call on Wednesday, February 15, 2017, at 9:30 a.m. New York time / 8:30 a.m. Monterrey/Mexico City time.