Axtel chooses Armando de la Peña González as new CEO

The telecommunications operator Axtel appointed to Armando de la Pena Gonzalez as the new general director of that company from next May 1.

Eduardo Escalante Castillo, until now interim director of Axtel from January 2021, he will resume the group’s finance management Alphato which Axtel belongs as the telecommunications arm of that industrial conglomerate.

Armando de la Peña was also the general manager of the Foodservice division of Sigma Alimentos SA de CV, also a subsidiary company of Grupo Alfa.

With more than 19 years in AlphaArmando de la Peña has held leadership positions in alestrathe corporative Alpha, Sigma and Terza SA de CV

De la Peña González is an industrial engineer from the Monterrey Institute of Technology and Higher Studies (ITESM), and has senior management programs at Stanford University, The Wharton School and the University of Chicago, among others.

“We thank Eduardo Escalante Castillo for his valuable contribution managing Axtel’s strategic processes during a period of significant change, including the Covid-19 pandemic. In these fifteen months, Escalante Castillo has played a fundamental role in the execution and strengthening of the model of each of the business units, services and infrastructure, with a high focus on digitization to improve operational efficiency and customer experience”, said Álvaro Fernández Garza, co-chairman of the board of directors of Axtel.

“We trust that Armando de la Peña has the leadership and vision to start a new phase of growth, focusing the company on digital transformation services, connectivity and infrastructure. Together with the solid management team, we are sure that Armando de la Peña will give continuity to the different projects underway that should contribute to accelerating growth and taking advantage of strategic opportunities that result in tangible benefits for clients, collaborators and shareholders”, added Tomás. Milmo Santos, also co-chairman of the board of directors of Axtel.

Axtelthe group’s telecommunications arm Alpha, reported a 10.15% decrease in its quarterly revenues for the January-March 2022 period, after entering 2,547 million pesos in the quarter; that is, Axtel stopped receiving 288 million pesos in that period in relation to the first quarter of 2021.

The company said that the shortage of supplies for its business solutions, a poor performance of the government contracts segment and the financial state that Altán Redes is also going through, where Axtel is a minority shareholder, affected its quarterly result.

Even with the decrease in its general income, the company increased its investment in infrastructure deployment by 21%, from 274 million pesos in the first quarter of 2021, to 333 million pesos in the first quarter of 2022. Measured in dollars, the investment of Axtel in the first quarter of the year it stood at 16 million dollars.

The company also reduced debt this quarter. At the beginning of the 2021 financial year, Axtel’s debt with its creditors amounted to 627 million pesos, but this was reduced by 42 million pesos for the first quarter of this year and stood at 585 million pesos.

Axtel reported a net profit of 111 million pesos for the January-March 2022 quarter, contrary to the net loss a year ago, then of 286 million pesos.


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