Axtel, a publicly owned Mexican telecommunications company headquartered in Mexico, was founded in 1994 and employs approximately 6500 individuals. The company reported $634.2M in revenue as of 2024 and is a tier 1 media tech buyer. Specializing in telecommunications, Axtel offers telephone, internet, and television services through FTTH in 45 cities of Mexico, as well as IT services. The company functions as the second largest landline telephone service provider and a relevant virtual private network operator.
Axtel SAB de CV formalized a MXN 1.6 billion loan with the National Foreign Trade Bank (Bancomext) on December 18, 2025. The 10-year loan's resources will prepay existing debt. Previously, on November 19, 2025, Fitch Ratings upgraded Axtel's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and its National Long-Term Rating to 'A(mex)' from 'A-(mex)', maintaining a Stable Outlook.
Axtel offers 5 products in the media and telecoms services industry. Axtel's product portfolio comprises of broadcast television and radio, media and TV services and telecoms.
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Axtel's revenues were $634.2M in 2024. Caretta Research has split Axtel's revenue into 5 different product categories, the largest of which is enterprise broadband and voice, which represents 42% of Axtel's revenue.
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