Mexico’s Axtel sees revs boost after Alestra merger | IPTV | News | Rapid TV News
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After merging with Alestra a year ago, Mexico’s Axtel its revenue grow over 63% in Q3 2016 compared with a year ago.

axtel tvEven though pay-TV is not one of the telco’s strongest business areas, Axtel saw a 22% growth in pay-TV subscriptions, to reach 123,000 pay-TV households. In fact, Axtel is one of Mexico’s strongly emerging operators.

Axtel is growing across all of its telecoms businesses following the Alestra merge, which was completed in January 2016. Broadband subs grew by over 37% to reach 258,000 connected homes, driven by the substantial fibre-to-the-home (FTTH) network acquired through Alestra.

As of September 2016, the Mexican telco reports almost $210 million revenues, making a total of $500 million since the beginning of the year.

“Q3 results show a 11% growth rate in operations flow compared to Q2, driven by a positive trend in the corporate business and the FTTH operation,” said Felipe Canales, executive financial director, Axtel. “In addition, Alestra’s synergies contribute to the improving results.”