Banamex and Axtel Sign Contract


Banamex and Axtel Sign Contract

SAN PEDRO GARZA GARCIA, Mexico--(BUSINESS WIRE)-- Axtel, S.A.B. de C.V. (BMV: AXTELCPO; OTC: AXTLY) ("AXTEL" or "the Company"), a Mexican telecommunications company, announced today the signing of a contract with Banamex to become their nationwide provider of telephony managed services and collaboration applications.

The five-year contract signed this month requires AXTEL to provide cloud-based telecommunication and collaboration services to Banamex.

AXTEL is the first company in Mexico that offers collaboration managed services from end to end, which include all of the customer's infrastructure and network and telecommunication services, with the adequate technology platform to serve the 1,700 Banamex branches and offices throughout Mexico.

In addition to providing the voice infrastructure, AXTEL will also develop and operate advanced voice traffic monitoring systems and collaboration applications, such as Unified Messaging, Web Conference, Tele-presence, as well as Video and Audio Conferencing services on any device.

José María Zubiría Maqueo, Corporate Director of Administration of Grupo Financiero Banamex, stated, "We identified AXTEL as a business partner that has the technological and service capabilities demanded by our nationwide communication and collaboration operations. AXTEL's contribution is an important element to our permanent modernization and innovation program oriented to support our growth across all segments in the market".

Tomás Milmo Santos, AXTEL's CEO, said, "The confidence placed by Banamex in AXTEL's capabilities is supported by the quality of the services that we have provided for over 15 years. This new contract will allow us to provide cloud-based managed telecommunication and information technology services. We appreciate the opportunity provided by Banamex and reiterate our commitment to continue offering the best service and technology solutions of the market."

About Grupo Financiero Banamex

Grupo Financiero Banamex is the leading financial group in Mexico. Following a universal banking strategy, the Group offers a variety of financial services to corporations and individuals, which include commercial and investment banking, insurance and investment management. Banamex, founded in 1884, has an extensive distribution network of 1,678 branches, serving over 21 million customers, making 17.5 million daily transactions through its infrastructure consisting of 6,318 ATMs, over 92,500 Points of Sale Terminals (POS) and more than 18,000 correspondents around the country.

Paulo Carreño
Banamex Media Relations
Tel. (55) 2262-3911


AXTEL is a Mexican telecommunications company with significant growth in the broadband segment, and one of the leading companies in information and communication technologies solutions in the corporate, financial and government sectors. The Company serves all market segments - corporate, financial, government, wholesale and residential with the most robust offering of integrated communications services in Mexico. Its world-class network consists of different access technologies like fiber optic, fixed wireless access, point to point and point to multipoint links, in order to offer solutions tailored to the needs of its customers.

AXTEL's shares, represented by Ordinary Participation Certificates or CPOs, trade on the Mexican Stock Exchange under the symbol 'AXTELCPO' since 2005.

Forward-Looking Statements

This release contains certain forward-looking statements regarding the future events or the future financial performance of AXTEL that are made pursuant to the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. These statements reflect management's current views with respect to future events or financial performance, and are based on management's current assumptions and information currently available and are not guarantees of the Company's future performance. The timing of certain events and actual results could differ materially from those projected or contemplated by the forward-looking statements due to a number of factors including, but not limited to those inherent to operating in a highly regulated industry, strong competition, commercial and financial execution, economic conditions, among others.

Axtel, S.A.B. de C.V.
Investor Relations
Adrian de los Santos
+52(81) 8114-1226

KEYWORDS: United States Mexico North America Central America New York


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