- published: 02 Mar 2015
- views: 14444
Axtel (BMV:AXTEL), is a Mexican telecommunications company, headquartered in Monterrey, that provides telecommunication products and services in Mexico. It is the main competitor of Telmex, which was a monopoly until very recently[when?].
Though incorporated in 1993, it wasn't until 1997 that AXTEL received authorizations from the Mexican government to operate in the radioelectrical spectrum. The company's business plan was to compete with Telmex in local telephony by bypassing phone lines and using fixed wireless communications instead, one of the largest deployments thereof in the world. It wasn't until 1999 that the company began operating in Monterrey. It later expanded to Guadalajara, and Mexico City in 2000. Then President Ernesto Zedillo made the first "national" call in the company's network, inaugurating service nationwide. At the time, news outlets around the country[which?] saw this moment as the beginning of a true open market in the local telephony business in Mexico.
On December 4, 2006, Axtel acquired Avantel Infraestructura and Avantel, S. de R.L. de C.V. (collectively Avantel).
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