Earnings Report /
Mexico

Axtel: Quarterly Report 3Q21: Weakness and challenges in the balance sheet

  • Impact in Alestra due to Government and semiconductor shortages, and in Axtel Networks due to lower demand

  • EBITDA declined 15.4% y/y to MXN 912 million, showing a margin contraction to 33.1%, because of higher rental expense

  • Attention remains on talks to attract potential investors focused on the sale of the Infrastructure business

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
22 October 2021
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