logoMexican Telecommunications Companies Axtel, Alestra Agree to Merge

By
ANTHONY HARRUP

MEXICO CITY—Mexican telecommunications companies Axtel SAB and Alestra have agreed to merge their operations, seeking greater size to compete in an increasingly competitive local market.

Axtel said Thursday that it signed a memorandum of understanding with conglomerate Alfa SAB and Alfa’s telecom unit Alestra to join the two telecommunications companies.

“The new entity will have a more robust network and commercial operation,” Axtel said in a news release, adding that the planned merger should create economies of scale and financial synergies. The combined base of corporate and consumer clients generate pro forma annual revenue around 15 billion pesos ($890 million).

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