What it does

Holding company whose only asset is a stake of about 54% in Axtel, which provides telecom, data-centre and IT services to businesses and government in Mexico.

Telecom holding companyCommunication services

Alfa put its roughly 54% stake in Axtel into a new holding company, Controladora Axtel, through a partial spin-off (escisión) and gave shareholders one Controladora Axtel share per Alfa share; the holding company trades on the BMV as CTAXTEL.

Distribution date

29 May 2023

Structure

Spin-off

Parent

Alfa (ALFAA MM)

Spin-off ticker

CTAXTEL MM

Listing

Bolsa Mexicana de Valores

Market

Mexico

Sector

Communication services

Size

micro