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Axtel feels heat amid Mexican telecoms market

Tuesday, February 24, 2015

Widening losses at Axtel are signaling the Mexican landline phone company may need to find a merger partner.

Mexico overhauled telecommunications laws in July to bolster competition, eliminating fees that Axtel paid to make calls on America Movil’s network. But competition with bigger rivals such as Grupo Televisa has increased, prompting Axtel to reduce prices to keep subscribers.

Source: Bloomberg