Mexican telecommunications company Izzi (Televisa Group) has recently announced that it plans to successfully complete the migration of Axtel customers this coming Thursday, December 10th, with Monterrey being the last place in the migration process.
The Izzi announcement, officially made on November 27th, takes place after, on December 17th, 2018, Axtel announced it had ran an agreement with Televisa for it to acquire its FTTH business in the massive segment in the cities of Monterrey, San Luis de Potosi, Aguascalientes, Mexico City, Ciudad Juarez and the municipality of Zapopan. As reported by Axtel two years ago, the transaction was valued at MX $ 4,713 million (which currently amounts to just over USD 237 million). Axtel also reported that it gave Televisa 227,802 residential and micro-business clients, 4,322 km of fiber optic network and other assets related to the operation of the massive segment in the already mentioned cities.
As a result of the agreement, Izzi explained that the new clients will get several benefits, including access to streaming platforms such as Disney +, Netflix, HBO, Fox, Stingray, Starzplay and the Afizzionados channel, and others. ‘Izzi welcomes those who were Axtel subscribers and will make a daily effort to bring the most attractive entertainment content and the greatest connectivity to their households’, the company reported.
In addition to Televisa, in May 2019, Axtel announced an agreement with Megacable for the sale of its FTTH business in the massive segment located in the cities of Leon, Puebla, Toluca, Guadalajara and Queretaro. In this case, the transaction was valued at MX$ 1,150 million (currently USD 57.8 million). With the negotiations, Axtel gave Megacable 55 thousand residential and micro-business clients; 1,370 km of fiber optic network and other assets related to the operation of the massive segment in these cities.