Axtel, S.A.B. de C.V. Provides CapEx Guidance for the Year 2018
April 19, 2018 at 07:00 pm IST
Share
Axtel, S.A.B. de C.V. provided CapEx guidance for the year 2018. For the year, the company's CapEx estimate is $175 million, although $15 million is payment to renew certain frequencies. So investment into assets is $160 million. Actual cash taxes the company expects to have in 2018 is probably $3 million to $4 million, so that would be the effective cash tax rate for the company.
Axtel SAB de CV is a Mexico-based company engaged in the telecommunications sector. The Company provides broadband Internet, pay television and telephony, as well as information and communications technology (ICT) solutions for companies, financial institutions and government. The Company offers business solutions for data transmission and implementation of virtual private networks, Web hosting, data centers, managed security services to other telecommunications operators and voice services, among others. The Company's brand names portfolio includes Alestra (enterprise and government services) and Axtel (residential and small businesses). The Company's network consists of various access technologies, such as fiber optic, fixed wireless access, point-to-point links and point-to-multipoint radio. It is controlled by Alfa SAB de CV.
AXTEL, S.A.B. DE C.V. 
