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Mexico’s Axtel loses Ps220m last quarter

Connectivity BusinessbyConnectivity Business
July 26, 2010
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Mexican telecom Axtel registered a net loss of Ps220m (US$17m) in 2Q’10 compared with a net profit of Ps486m (US$38.5m) in the corresponding quarter of 2009. The company said this was partially a result of a larger debt load.

Mexican telecom Axtel registered a net loss of Ps220m (US$17m) in 2Q’10 compared with a net profit of Ps486m (US$38.5m) in the corresponding quarter of 2009. The company said this was partially a result of a larger debt load.

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