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Axtel Completes Acquisition of 100% of EstratelAxtel (News - Alert), S.A.B. de C.V. (BMV: AXTELCPO) ("Axtel" or the "Company"), a Mexican information and communications technology company announced yesterday the acquisition of the remaining 49 percent of Estrategias en Tecnología Corporativa S.A. de C.V. ("Estratel"), a Mexican firm specialized in the integration of IT solutions for government and enterprise customers. The Company mentioned that Alestra (News - Alert) S. de R.L. de C.V. ("Alestra") acquired 51 percent of Estratel in May 2015 to boost its IT and communications solutions in the western, Bajío and southeastern regions of the country. Now, the Company decided to acquire the remaining 49 percent as a relevant step in the consolidation of its portfolio of solutions. Axtel highlighted that Estratel generates annual revenues of 250 million pesos, has presence in the cities of Guadalajara, Querétaro, Mérida, Campeche, Chetumal, México City and Monterrey and has a specialized team of more than 100 employees. Estratel financial results were already included in the consolidated financial information of Axtel given the 51% participation already owned. Axtel informed that Elvia González Hernández will be Estratel's Director, reporting directly to Adrián Cuadros Gutiérrez, Executive Director of Commercial IT Solutions. The Company also noted that Estratel will retain its brand and will remain indepndent in its commercial operations, although strengthened with the capabilities of Axtel's fiber optic network, the most advanced Data and Operations Centers in the market, and portfolio of solutions to serve, in conjunction with the Alestra commercial brand, the enterprise and government segments. "The 100% acquisition of Estratel is part of our strategy to strengthen our IT capabilities to address the needs of the enterprise and government segments. We are convinced that its contribution will continue generating value to our clients and will boost our competitiveness in the market," said Rolando Zubirán Shetler, Chief Executive Officer of Axtel. About Axtel Axtel is a Mexican information and communications technology company that caters to the enterprise, government, and residential markets with a robust portfolio of solutions across its brands Alestra (Enterprise and government services) and Axtel (residential and small business services). With a network infrastructure of 39 thousand kilometers and close to 7 thousand square meters of floor space that support its portfolio, Axtel helps organizations be more productive and connect people improving their quality of life. Axtel is a subsidiary of Alfa S.A.B. de C.V. (BMV: ALFAA), who owns 51 percent of its equity. Axtel's shares, represented by Ordinary Participation Certificates (CPO's), trade on the Mexican Stock Exchange since 2005. Website: axtelcorp.mx Enterprise and Government Services Website: alestra.mx Residential and Small Business Website: axtel.mx View source version on businesswire.com: http://www.businesswire.com/news/home/20160705005647/en/ |
