Mexican telecom company AXTEL is continuing its expansion plan this week by commending operations in Pachuca, the capital city in the Mexican state of Hidalgo, the tenth new city added to its breadth this year.
The company now provides local and long distance telephony, broadband Internet, data and built-to-suit communications solutions in 27 Mexican. Starting operations in Pachuca represents the conclusion of a very successful year in which AXTEL both expanded significantly and improved its profitability.
During the inaugural ceremony, Andres Velazquez Romero, AXTEL's Mass and Business Markets Executive Director, announced that AXTEL would invest approximately $20 million in Pachuca during the next 5 years.
The initial Pachuca network covers 80 percent of the population, offering integrated telecommunications services to the residential and business customers, as well as financial institutions and government entities.
“The Company is confident that remaining focused on customer service orientation while delivering innovative voice, data and Internet solutions will consolidate Axtel's presence in this important state capital," said Roberto Reynoso, Axtel’s Southern Region Director.
Since December 2005 Axtel reported 885 thousand lines in service and 107 thousand Internet subscribers as of the end of the third quarter of 2007. The company participates in residential and business markets, and generated $9,066 million pesos in revenues during the first nine months of 2007.
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Anil Sharma is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
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