Axtel: AXTEL, Quarterly Report 1Q21: Surprising weakness in Government

  • Axtel reported below expectations, as the 13.1% drop in revenues from Alestra offset Infrastructure's growth

  • Conversations to attract potential investors continue, focused on Axtel Networks; no further progress in this regard

  • Although the timing of the sale is unclear, we continue to believe that it should trigger the company's intrinsic value

April 21st, 2021
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